Recently, the market has been caught in short-term fluctuations, and the future trend of Bitcoin is under scrutiny. Technically, the sustainability of the upward breakout is key.

The intraday market is stuck, with alternating long and short positions and limited volatility. The four-hour candlestick chart has shown a W-shaped bottom formation; although the bulls are slightly weak, they are solidifying the bottom. 105000 is a strong short-term resistance level; if it cannot be broken, a strong bullish trend is unlikely, and the current fluctuation may be a period of accumulation. The hourly level sees fierce competition between long and short positions, with candlesticks showing multiple wicks, and price fluctuations narrowing. It is expected that the fluctuation range will be even narrower over the weekend, and everyone needs to pay attention to the breakout direction.

Bitcoin: Long in the 103000-103500 range, target 1045000-105500, strictly maintain defense to prevent liquidation.