BTC, after rising to around 109200 in the evening, faced pressure and fell back, currently oscillating around 109000!

From the market perspective, the Bollinger Bands at the 4-hour level continue to narrow, with the price clearly being suppressed by the upper band; the daily level high points show a gradual downward trend.

The short-term rise has not effectively broken through key resistance and stabilized, indicating that the rebound is not a reversal, and it is recommended to primarily focus on short positions.

It is suggested to look for short positions around 109200-109600, with a target of

107500-106000.