Bitcoin is currently fluctuating around $108,000, and this key price point may determine its next major trend. This is a psychological barrier, and the 4-hour chart shows three failed breakouts, with both bulls and bears in fierce contention.
Bullish signals: Institutions continue to buy, the probability of the Federal Reserve lowering interest rates in September exceeds 80%, market liquidity may increase significantly, and exchange inventories are decreasing.
Bearish signals: The RSI indicator is severely overbought, the risk of a pullback is high, and the futures market has excessive long leverage, warranting caution against liquidation, with volatility potentially surging.
Operational strategy: If it breaks above $110,000, immediately go long with a target of $115,000; if it falls below $105,000, decisively cut losses and wait to re-enter at $100,000. However, if there is a false breakout, it may pull back to $95,000. Operations should be cautious, and position sizes should be strictly controlled.