Bitcoin maintains a range-bound oscillation. Currently, a converging triangle pattern is being formed at the 4-hour level. During the day, attention should be paid to the resistance at the upper line of 109200. If it can effectively break through this level in the short term, there is hope to continue testing the pressure levels in the range of 110000 - 112000, followed by a pullback. If it cannot break the 109200 resistance level during the day, and once it falls back below the support area of 107400, the market will likely go down to 106500. If the high is not broken, continue to lay out the strategy for high shorts. $BTC