Looking at the four-hour Bitcoin chart, the 4-hour chart confirms support at the mid-line during the retracement, but the space is limited. It failed to break through the upper line to extend the space, resulting in uncertainty in the short-term strength of bulls and bears, possibly continuing to be trapped in narrow fluctuations. The upper level still focuses on the high point around 109000, while the lower level pays attention to the support of the low point retracement from yesterday and the support of the 10-day line. The Bollinger Bands are starting to converge, further reducing space. Additionally, with the short-term strength of the dollar remaining uncertain, the price also lacks sufficient volume for both bulls and bears, remaining trapped in narrow fluctuations for an extended period, possibly dragging until the end of the monthly line.

For short-term operations, observe more and act less, with fluctuations taking precedence over trends, and continue to participate around the high for short positions and low for long positions.