On the daily chart, the trend has closed in the red for two consecutive days, and bearish sentiment is gradually intensifying. Currently, the market is under renewed pressure and is testing lower prices continuously, with short-term support near the five-day moving average. If this support area is broken today, the market may continue to test the trend towards the daily Bollinger middle line. The attached MACD and Stoch continue to maintain parallel positions, while the RSI shows a slight downward tendency. The trend is displaying a wide-range fluctuation, so it is not advisable to blindly chase after price increases today.

On the shorter hourly chart, the Bollinger Bands are in a contracting phase. The market has broken below the 4-hour Bollinger middle line and is currently operating in the lower mid-range area. Although there is a rebound after a pullback, the upper mid-range resistance is continually moving down. If the market cannot sustain the rebound and break through, there is a possibility of further retracement to support. In terms of operations, it is still advisable to adopt a high-short, low-long strategy in this range, with upper resistance to watch at 107600 and lower support at 105800. $BTC