From the daily level perspective, the current price of the currency has formed a small bullish doji candlestick, indicating that the market is in a state of consolidation and indecision. Both bulls and bears are engaged in fierce competition around the key price level of 110,000. This anxious and volatile market undoubtedly tests everyone's patience and resolve.

On the four-hour timeframe, Bitcoin has experienced a rise and fall, with the price once again dropping below the middle band of the Bollinger Bands, closing three consecutive bearish candles. Currently, the price is fluctuating between the middle and upper bands of the Bollinger Bands. Switching to a shorter hourly timeframe, although there are signs of weakness, the overall movement remains within the oscillation range of both bulls and bears. Since there has been no effective breakthrough at key support and resistance levels, the market has remained in a wide-ranging oscillation pattern recently. It is worth noting that the key support level of 107,500 from yesterday's early session low, if this level can be effectively defended, bulls are likely to initiate a new round of rebound momentum. In terms of future operations, maintaining a low long strategy from the early session is advisable.

Bitcoin can be bought at 108,000-108,500, targeting around 110,500. Ethereum can be bought lightly at 2,600-2,630, targeting around 2,700. #BTC