#BTC #ETH Review of Bitcoin intraday market conditions, during the early hours, it tested the resistance at the 109100 level and then fell back, overall presenting a high-level sideways trend. Throughout the day, multiple upward movements failed to break through effectively, and it is currently consolidating around the 108700 level. After our midday exit, Lao Hu also carried out a series of short-term operations, but I won't elaborate on that here.

The current hourly chart shows that the price is repeatedly oscillating around the middle band of the Bollinger Bands, with rebound momentum continuing to be weak, and the highs are gradually moving lower, indicating a clear reduction in bullish strength. Overall, market sentiment leans towards caution, and in the short term, it is highly likely to maintain a sideways pattern in the 107500–109500 range. In terms of operations, it is advised to primarily short on rallies in the short term.

Operation Suggestions

Bitcoin near 109000, target around 107500

Yita near 2630, target around 2550