Thursday Morning Thoughts:

From the daily candlestick chart, the bullish strength of Bitcoin is increasing, forming three consecutive bullish candles. Watch for resistance around 109000 above, and then 110500; below, first look for support at 105800, and then 101200.

In the four-hour chart, the bullish strength of Bitcoin is slowly decreasing, and the Bollinger Bands are also narrowing. Pay attention to 109300 above, and first look for 104800 below, then 100300.

In the one-hour chart, the bearish strength of Bitcoin is increasing, with the price moving up towards the upper band of the Bollinger Bands. Resistance above is at 108000, with support at 106200 below. In the short term, the price will slowly move down.

Bitcoin's rebound is near 107600-108300; look towards 106400-105900.