As the afternoon arrives, after the overnight Bitcoin dipped to a low of 106723, it has emerged from a fluctuating upward structure, reaching a high of 108450 before quickly pulling back. It is currently oscillating below 108000. The altcoin has been on an upward trend since the morning, reaching a high of 2788, but is now following Bitcoin's pullback and is hovering around 2720 for adjustment.

Currently, the movements during the day are primarily characterized by range-bound adjustments, and the upward momentum has not shown strong continuity. The support at 106500 below is also quite solid.

After another daily candle closes in the red, if it continues to close in the red and breaks through the previous low, the dominant direction of bulls and bears will shift in the short term.

On the four-hour chart, the BOLL is still running horizontally without much change. After maintaining a range-bound adjustment below the middle band in the short term, it will still test the resistance situation of the middle band, and if it breaks through, it may lead to a slow upward oscillation.

In the afternoon, for short-term trading, Bitcoin is referenced around 107500 for long positions, aiming for 109000; for the altcoin, a reference around 2700 for long positions, aiming for 2780. If broken, both should see continuation.