The early morning market has concluded. After Bitcoin's evening retracement to 107200, it entered a narrow range oscillation mode. This level has become a key dividing line for bulls and bears. The morning market showed little fluctuation, dipping to a low of 107456 before rebounding, and is currently oscillating around 108200.

From the current perspective, the support below is quite strong, but that does not mean the upward momentum is exhausted. From a four-hour perspective, the three lines of the Bollinger Bands are gradually converging, and the market is experiencing four consecutive downward candles testing the middle line and heading towards the lower line. The relationship between volume and price also reflects the strength of the upward trend, with plenty of room for exploration below. Our strategy remains unchanged: we will wait for a high rebound to go short.

Xiao Shiyilang suggests that Bitcoin can be shorted near 108500, with a short-term target of 106000#美国加征关税 $BTC .