$BTC 1 Hour Market Analysis:

Bitcoin's volatility continues to narrow, akin to a buildup phase, brewing for a breakout. Currently consolidating around $108,000 for 13 days.

1) The 1-hour chart shows an upward trend line; consider going long when breaking the downward trend line (red circle position).

2) Bulls maintain the bottom line at $106,500, with the short-term support range of $107,200-$107,600 unchanged.

3) If there is a downward breakout, the swing support is expected at $106,000, and there will still be opportunities to go long after that.

Volatility compressing to the extreme is often accompanied by market eruptions; it is recommended to keep a close watch.