Let's take a look at the trend of Bitcoin. The two waves of surges in the evening directly sent Bitcoin to around 107,000, also touching the key resistance level of Bitcoin. If it can break through this position, we will see Bitcoin at 110,000.
Now Bitcoin has retraced to 104,600, reaching the middle band of the hourly Bollinger Bands. If this position does not break down, Bitcoin will continue to rebound to above 105,000, starting to oscillate in the range of 105,000 to 107,000. If it breaks down, it will return to the original range.
Now we just need to see if Bitcoin can stabilize at this position. If it holds, it will be an opportunity to enter and buy. If it breaks down, we can enter to short and make a quick profit.