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Bitcoin was in a weak consolidation pattern all day yesterday, with significant characteristics of bearish dominance. The early morning market opened its rebound from a low of 109,690 USD, but the upward momentum was insufficient, and it faced clear resistance when rebounding to around 100,920 USD, subsequently turning back down. During the afternoon session, the market continued its downward trend, hitting a low of 107,860 USD. After briefly finding support at this low, it initiated another rebound, which was stronger than the morning's, reaching a high of around 111,550 USD. However, the bulls failed to hold onto the rebound gains, and the market faced pressure to drop again. In the evening session, affected by the performance of US stocks, the Bitcoin market fell continuously, breaking through several key support levels, with the lowest point touching around 106,230 USD. After forming effective support at this position, it halted the decline. As of now, the market is showing a slight rebound, operating around 107,600 USD. It is worth noting that the recent market has been impacted by insufficient liquidity during trading, failing to break out of a large-scale rebound. Throughout the up-and-down tug-of-war, the bullish power has been evidently weak. The current market has entered a critical node for the week and month-end closing, increasing the uncertainty of short-term trends. Moving forward, it is essential to pay close attention to the growth of trading volume. If trading volume can effectively expand, it may bring rebound momentum to the market; if trading volume remains sluggish, then the current trend of oscillating downward is likely to continue.