Bitcoin's morning exploration peaked at around 108200, facing resistance. The market fluctuated up and down, while Ethereum stabilized and rebounded to around 2520. The bulls continue to oscillate upwards, currently undergoing a technical correction. The current market movement is relatively slow, without giving a clear trend signal, remaining in a high-level consolidation.

On the daily chart, Bitcoin is again trending upwards with consecutive green candles, but it quickly retraced at the resistance level, which is the most normal correction posture. The pressure points above are continuously refreshed; we need to see if the previous high of 108500 can be effectively broken. If this resistance level stabilizes, breaking above 110,000 will not be out of reach. On the four-hour structure, a large V-shaped reversal has formed again. After encountering resistance at the bottom, the market has oscillated upwards, breaking through the upper limit, forming a double top structure with the previous high. However, after the upper limit has retraced, the market is also showing a backtest, but the strength has not been able to sustain a strong continuation. In the short term, we are still watching the situation of breaking the range highs. If the box structure does not break, the market will continue its current oscillation.