Evening Thought Analysis

The 4-hour chart of Bitcoin shows that the price has tested the upper band multiple times and then pulled back under pressure. 107000 is a key short-term resistance level; a breakout is necessary to open up the upside, otherwise, it will maintain a wide range oscillation between 103000-107000. Currently, the moving averages are diverging, and the oscillation pattern is obvious, making it difficult to see a one-sided trend at the beginning of the week. It is recommended to adopt a high sell and low buy strategy, focusing on the breakthrough situation at the boundary of the range and flexibly adjusting operations.

Operational Suggestion

For Bitcoin, it is suggested to look for opportunities in the 104800-105500 range, with a target above at the 107000-106500 range.