Taking off, making profits in the volatile market! The current Bitcoin market is trapped in a sideways oscillation phase, with limited fluctuations in both directions. It is difficult to break out of a larger range in the short term, so we will exchange time for space. Today, we took two long positions and one short position, securing a space of 2000 points. In this round of volatile market, we have obtained a considerable space; as long as we grasp the highs and lows of the range and take targeted actions, we can make profits.

From the overall structure, the Bollinger Bands are gradually narrowing. This narrowing phenomenon usually indicates that market volatility is decreasing, and the forces of bulls and bears are temporarily in a relatively balanced state, but it also suggests that there may be significant market fluctuations in the future, although the direction is still unclear.

In the short term, Bitcoin's price is clearly under pressure, facing strong resistance at the upper Bollinger Band of 106000. In the current market environment, it seems difficult for the bulls to gather enough momentum to achieve an upward breakthrough, and there is considerable difficulty for the price to effectively surpass this resistance level. The likelihood of a breakout forming in the short term is low, so we continue to look bearish for the early hours.