1h still maintains above the midline of the channel, BTC's recent volatility is getting smaller, and there are not many good entry opportunities. The corresponding secondary resistance levels are 110.5k and 109k, showing a convergent operation.

The main point of contention is at the neckline of the 4h head and shoulders pattern. Testing the demand area and then moving upwards would be better, but it is uncertain whether it will test the 110k integer level again. If it goes up and gives opportunities, then we can try again. High-level fluctuations have no participation value; it would be better to focus on Ethereum, and I will write a separate article later.

Another point is the decline in Bitcoin's supply, and the selling pressure is getting smaller. Don't easily touch the top when not near key levels.

Try again near 110k-111k.