The breach of 106600 has damaged the upward trend since 80,000. Wait for adjustments to make long trades; try not to short. Currently, the main driver is institutions, and trading opportunities are limited.

Yesterday, the price of Bitcoin briefly rose to around 108900, but the momentum was limited. It subsequently oscillated lower and fell below the intraday support at 106500, which is also the short to medium-term support line. This support line has now been breached, and in the early session, it quickly dropped. However, after the Bitcoin price fell to 104500, it began to rebound significantly and soon rose to around 106000. From the perspective of the broken short to medium-term support line, the market does not necessarily indicate the beginning of a downward trend; it could also be entering a high-level adjustment. Regardless, the original upward trend has been broken, and the best expectation is high-level oscillation. During the day, pay attention to the 106500 level, which is a pressure line formed by the breach, as well as the pressure around 108000. If the Bitcoin price cannot continue to decline after breaching, then we should view it as maintaining a high-level oscillation. During the day, the inclination is to go long after a pullback in Bitcoin prices.

The performance of the second asset yesterday was clearly stronger, briefly refreshing the high level around 2788. However, yesterday's level breakout was a false breakout, and the buying energy after the pullback was not strong, quickly falling below the support level around 2740. After the false breakout, the market instead joined the short positions, plunging to a low of 2556 in the early session. Currently, the rebound strength is decent, having reached the pressure level of 2645. During the day, 2645 serves as a watershed; below 2645 indicates a weak situation, continuing the decline since 2788. Conversely, if it breaks up again and stabilizes above 2645, then the short-term downward risk is released. It will still be in a large oscillation range, which is a sloping upward rectangular structure. Due to the formation of a bottom divergence on the hourly chart and a strong rebound, the inclination for the day is to pull back and go long, with support around 2600.