$BTC
The short-term rebound strength has increased, but the price is still moving within the previous fluctuation range of 103500-105500, without breaking out.
Although there have been three consecutive bullish candles on the 1-hour chart, the momentum afterwards did not keep up, and the price could not move higher. Moreover, the trading volume decreased as the price rose, indicating a fierce dispute between bulls and bears, with neither side willing to yield.
On the 4-hour chart, there is significant price pressure, as it continues to hover around the middle-lower band. Although there was a bullish candle in the morning that halted the downward trend, the bullish strength has been insufficient. Therefore, even if there is a continued rebound during the day, the potential for further gains is likely to be limited.
