BTC Morning Analysis: #BTC☀

After a period of sideways consolidation, Bitcoin suddenly experienced a surge in altcoin movement, first spiking before a pullback and then rebounding, resulting in a double explosion of both bulls and bears, with the peak reaching around 107,000, just 2.4% away from the all-time high.

On the 4-hour chart, a long upper shadow shooting star appears, indicating significant selling pressure at the high. Subsequently, the price retraced to the low. On the daily chart, there have been two consecutive days of price surge followed by pullback, forming a double top prototype. The MACD fast and slow lines have crossed negatively, confirming the trend, while the RSI has fallen below the overbought zone, indicating a weakening of bullish momentum.

Trading suggestion: Go long at the low, 10.3-10.35 range, with a target of 10.5 and a stop-loss at 10.2, strict control required!