From the four-hour chart, $BTC is still in a low-level horizontal range, and the price has not broken through the key levels up and down, maintaining an overall oscillating pattern.
The Bollinger Bands continue to narrow, with the distance between the upper and lower bands decreasing, and the market is approaching a directional choice. The candlestick chart shows multiple long wicks, indicating fierce competition between bulls and bears, but the price is suppressed by the middle Bollinger Band, and the weak pattern remains unchanged.
The moving average system shows a bearish arrangement, with a bearish trend. In the short term, if $BTC cannot stabilize above 106300, the bears will still dominate, and the rebound space will be limited.
Big coin midday operation suggestion: go long at 106100-106400, target 105100-104700, stop loss at 106600.
