The 1-hour chart of Bitcoin shows that the price has broken out of a narrow consolidation range near the median of $107,803. After the breakout, the price quickly entered the key resistance area between $109,700 and $110,100, where it encountered resistance.

This resistance suggests that it may be a false breakout or a liquidity trap, as the price has failed to hold above the resistance area and is currently experiencing a pullback. At present, Bitcoin's trading price is slightly above the median, which is acting as support.

If Bitcoin can hold above $107,800 and regain upward momentum, it may attempt to challenge the resistance area again. A breakout above $110,100 would open the path for a rise towards the range high of $110,529. However, if the price falls below the median, the likelihood of a drop towards the range low of $105,100 will increase #日内交易策略 #现货与合约策略