From the current market perspective, after the price touched the high of 109000 during the midday session, it immediately entered a consolidation phase. The overall market pattern still maintains a weak tone. Although the bears once put in effort to push lower, they subsequently failed to form a sustained increase in volume, indicating limited short-selling momentum.

On the four-hour K-line chart, after the price dipped, it encountered significant support, prompting the market to enter a correction phase. Based on recent market news analysis, it is expected that in the short term, the market will likely continue to maintain a volatile pattern. The Bollinger Bands are showing an opening state, reflecting that both bulls and bears are in a fierce contest.

Due to the U.S. stock market being closed, there is likely to be no significant fluctuation, continuing to consolidate around the range of 108500-109300. #BTC #ETH