Bitcoin's intraday market trend retraced upwards yesterday, after the price approached the 109,000 line again. The short-term trend shows a fluctuating upward movement, currently nearing the previous resistance area. Short-term bullish sentiment is gradually rising, but caution is needed to avoid a breakout upwards. If the price stabilizes above 109,000 during the day, there is hope for further upward movement, testing the 11,000 line, which would recover the recent decline. Conversely, it will continue to test the support below.

On the short-term hourly chart, the Bollinger Bands are opening upwards, due to multiple tests of the resistance area yesterday that failed to break through again, causing upward momentum to slow down. Therefore, although the short-term trend is moving upward, there has not been a breakout, and it is not advisable to blindly chase the bullish trend. Aggressive operations should wait for a pullback to test support before re-entering.

In the afternoon, pay attention to the pressure around 108,400 above for Bitcoin, with secondary attention to around 109,200. Below, watch for support around 106,000, with secondary attention to around 104,500.

Additionally, pay attention to the pressure around 2630-2660-2700 above, and support around 2560-2520 below.