There has been volatility here for two days, slowly raising prices to digest earlier profits, it's a bit awkward with no upward movement and no downward movement...

The 108k level has been tested several times without establishing a bullish trend, not sure if this is a forced short squeeze represented by horizontal movement, the direction probably has to wait until the market opens next Monday, this kind of complex adjustment is relatively difficult to participate in.

Fortunately, it has not broken through the previous swing high, so BTC at this position still has potential secondary peak expectations. Now we are just observing the structural confirmation point of the previous high and the consolidation starting point at 104k below.

If it retraces downwards without a significant break, it remains in the current bullish arrangement; if the breakout fails, we need to be wary of the right shoulder pattern on the 4-hour chart;

Currently, there is no secondary confirmation of a high point breakthrough, nor have we seen any retesting of support below.

Therefore, the core logic at this stage is still firmly bearish and unwavering.

To be honest, the cost of trial and error is minimal.

For those still holding the bearish position, please check in.