Current Trend Analysis (Combined Daily + 1-Hour Chart)

Daily Level:

Price has pulled back near EMA60 and stopped falling, with multiple lower shadows indicating effective support below. Currently, a small bullish candle has formed, but overall it remains in a high-level consolidation area;

MACD is below the zero line, with the two lines parallel, showing no obvious volume divergence in the short term;

Trading volume has decreased, indicating limited active selling pressure below, with more of a wait-and-see sentiment;

1-Hour Level:

Price has just broken through the EMA60 resistance around 106200 but is once again facing pressure, resulting in a pullback;

After the MACD's bullish crossover at a low level, momentum has slowed, and there is a high possibility that the short-term correction is coming to an end;

Currently, the overall formation resembles a "V-shaped rebound + flag consolidation" pattern, but the right shoulder has not yet formed a new high;

The 106600~106800 range is a short-term resistance zone. It is not advisable to aggressively chase highs before a significant volume breakout.

Trading Strategy Recommendations

Bullish Strategy:

Entry Point: Consider entering light long positions when prices stabilize near 104200

Stop Loss Position: Below 103000 (if broken, the short-term structure will deteriorate completely)

Take Profit Target: 106000-106500 range

Bearish Strategy:

Entry Point: You may try short positions when encountering resistance in the 106500-106800 range

Stop Loss Position: Above 107800 (if broken, quickly stop loss and withdraw short positions)

Take Profit Target: 104400 - 103000

Summary of Operation Suggestions:

Current price is located in the mid-axis consolidation area, and market volume has not increased, making the risks of chasing highs and lows higher;

You may wait for the price to approach key levels of 106500 or 104200;

If BTC still struggles to stay above 106800 in the next 24 hours, the bullish structure may pause, entering range consolidation or even weakening;

(Does not constitute investment advice)