Volatility! Bitcoin surged last night but was slammed back down. Can the bulls push higher?

Last night's Bitcoin action was quite thrilling! The price suddenly broke through the short-term high, soaring to $108,095, looking like it was about to take off! Unfortunately, the bears weren't going to sit idly by and brought it crashing down, with a low of $106,700. By midnight, the price started to crawl back up, like climbing stairs, but it just couldn't reach that previous high. Now, it's hovering just above $107,000, stuck and not moving much.

Given the current situation, the bulls have indeed been pushing hard upwards, and the intention is good. However, the $108,000 mark really seems like a tough nut to crack, with significant resistance; it just falls back down upon contact. Nevertheless, the consecutive days of green candles are much better than the continuous decline we saw earlier, and the price has managed to hold a key support level while continuing to push higher. Technical indicators are also pointing upwards, which makes me feel that, for now, the bulls are in control and have some momentum left.

Therefore, my operational strategy this morning leans towards a low buy. If Bitcoin can return to around $107,000, I think it presents an opportunity, aiming for it to challenge $108,500 again. Ethereum is similar; consider buying around $2,400, looking at $2,500.

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