The overnight Bitcoin starts to oscillate in a large range. Do not easily chase long positions at high levels. In terms of the four-hour structure, there has been no upward breakout, so it is likely still a choppy market. Since Bitcoin is in a consolidation phase, if it breaks below 110,000 again, it may weaken further, leading to a large four-hour range oscillation. Therefore, consider shorting Bitcoin early in the morning as it faces resistance on the rebound!

Friday's morning suggestion for Bitcoin:

Short on the rebound at 111,500-111,850, targeting the range of 108,000-107,500.