Bitcoin Trend Analysis:
The evening saw two waves of increases pushing Bitcoin to the resistance level of 107,000. If it breaks this level, it is expected to rise towards 110,000. The current price has retraced to 104,600, touching the middle band of the hourly Bollinger Bands.
Key Observation Points:
Effective Support: If it stays above the middle band, a rebound to above 105,000 is expected, opening up a range of oscillation between 105,000 and 107,000, which can be seen as a buying opportunity; Breakout Risk: If it falls below the middle band, it may return to the previous range of oscillation, allowing for short positions to bet on a correction.
Operational Strategy: Rely on the middle band support level (104,600) to determine market direction, and flexibly grasp range trading opportunities.
