In the early morning, the price of Bitcoin dropped sharply below the 107,000 mark, reaching a low of 106,723, but did not extend the decline. Subsequently, the price began to rebound. Currently, the price is around 107,800. Early yesterday morning, after a night of fierce battles, we entered a long position near 106,800, seizing the opportunity to exit near 107,900, capturing over 1,000 points of movement.

Bitcoin has seen two consecutive daily declines, and last night's spike also approached the middle track, but the support below is still decent, starting a slight rebound. From a daily perspective, this level of pullback is normal and does not indicate a significant reversal of the overall structure. There is strong support at 106,500. Breaking through 108,000 will open up space to rise to 110,000. It is important to pay close attention to today's U.S. PCE data and its impact on the market.

In the morning, Bitcoin can target multiple levels around 107,500 to 107,200 with a goal of 110,000. For Ethereum, focus on around 2,660 to 2,640 with a target of 2,750.