Currently, bulls are attempting to probe the upper Bollinger Band, but there is insufficient continuation, and the momentum is weak, suggesting an overall bearish structure. The market has not been able to break through the range, displaying a 'step back and look' trend to correct the current pattern.

In the future, it is essential to focus on the changes in the pressure and support levels above and below, and to be wary of the emergence of strong momentum for top-bottom conversion. The afternoon trading suggestion still revolves around shorting on rebounds.

Xiao Shiyi Lang suggests shorting Bitcoin around 109000-109500 with a target of 106000#SECETF审批 $BTC .