On a weekend without significant fundamental news stimulation, the likelihood of the market continuing its range-bound oscillation is high.

Currently, the price of the currency shows characteristics of narrow fluctuations. Beneath the seemingly calm market trend lies a surging undercurrent, with intense games between the bulls and bears.

There are two key levels in the market that are worth paying close attention to: 108500 can be seen as an important dividing line for the forces of bulls and bears. Once the price breaks upwards past this threshold, it is likely to open up a new round of upward space;

Conversely, if 107200 is broken, it may trigger a new round of downward adjustment in the market. Overall, the trend leans more towards bearish.

Mu Yang provides operational suggestions: when the price of Bitcoin approaches 108500, one might consider positioning for a short.

The short-term target price can be initially set at 107200, the medium-term target can be set at 100000, and the long-term target can be aimed at 90000.

However, the risks in the virtual currency market are extremely high, and the market is subject to rapid changes. The above views are for reference only, and investment decisions must be made with caution.