Friday morning, the volatility continues, still favoring short positions!

Regarding today: After breaking through 105000 on Monday, the trend did not continue, and the attempt to test the 106000 area was insufficient, indicating that pressure still exists. Currently, we are maintaining a range-bound consolidation, and although there have been multiple upward tests, there has been no breakthrough at the key resistance level. In this oscillation rhythm, the more times the top is tested without breaking, the higher the probability of a decline.

In the past few days, there has been continuous back-and-forth in the range, accompanied by a certain washing-out sentiment. The overnight pattern still shows volatility, and the upward pressure remains. For today, it is still primarily short positions. The high point at the 105800 area is unlikely to be tested today; we will see if there is a certain strength in the rebound during the US session. During the day, adjustments should still be expected. Support is concentrated in the 101500 area, with resistance above at 104800. In the short term, we first look for a round of adjustments, and after that, we will consider going long!

Today is Friday, and if a breakout occurs, it will likely happen during the US session, so everyone should try to lighten their positions!

Bitcoin morning suggestion: rebound in the 104300-104800 area! Targeting the 102800 area, continuing to 101500!

Lastly, I emphasize, lighten positions, and be cautious!