$BTC Midday Bitcoin second surge attempts to break through the 109700 line under pressure and retraces. Currently, the oscillation range has again retreated to around 109000. After the long position in the early morning was closed, the short position from the early morning is still being held. Life is full of uncertainties; only persistence can lead to a way out. Even when the path ahead is shrouded in fog, one must believe in their choices and strive forward.

From the four-hour level perspective, the upper pressure at 109700 is quite obvious. The rapid increase in volume this morning has been corrected and adjusted. The market touching here provided a certain amount of short volume to push lower. The small bearish K-line opened under the upper band’s pressure and moved lower. Currently, further retracement has not yet broken through the middle band. However, judging by the current formation and movement, it is difficult for bulls to further increase volume to break above 110000. The midday reminder is not to blindly chase the rise but to wait for a pullback. The market is still consolidating within the range, but the Bitcoin weak line level has started to decrease in volume as it moves north. At present, we are waiting; with the push from US stocks, it further drives the market's breakout. First, observe the strength of the pullback, then make decisions.

Bitcoin can be looked at for a southward move around the current price of 109000-109500, targeting around 108000. Ethereum can be looked at for a southward move around 2680-2700, targeting 2530/2500.