The Bitcoin testing pressure zone has not broken through and has experienced multiple setbacks and retreats.
From a structural perspective, the one-hour level has already formed a bearish structure; whether it can drive a reversal at the 4-hour level still needs further observation.
Pay close attention to the support area of 106000-106500; if it breaks down, a major reversal is expected. Until it breaks down, the overall direction still leans bullish.
Personally, I tend to favor a continuation structure, and there is hope for another wave of 4-hour level upward movement.
