$BTC Yesterday at midnight, the market didn't show much fluctuation and remained in a small range of oscillation. By early morning, the price slightly surged, reaching a high of 106482, but quickly reversed, dropping to a low of 105512.

From an overall perspective, although the bulls have been slowly gaining strength, the major currency is unable to break through the critical level of 106500; any attempt to rise is met with resistance and pulls back.

On the daily chart, it had previously recorded consecutive bearish candles, which later turned into two bullish candles, but it still hasn't broken through the middle track, being firmly held down by it.

Until it breaks through, the market is currently still dominated by the bulls.

Looking at the four-hour level, after three consecutive bullish candles tried to push up, it halted, and then the bears began to exert force and pull back.

If the previous corrective wave ends without breaking the high of the fourth wave, it will still pull back.

Only after testing the bottom again and forming a stable 'double shoulder' bottom pattern, will there be a possibility to rise again.

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