Morning thoughts suggest that everyone pay attention to the breakthrough of 106000. If it stabilizes, we directly look at the vicinity of 107000. In the afternoon, as expected, we welcomed the breakthrough, reaching a maximum near 106800. We took profit directly at 106700, focusing on stability.

The four-hour chart analysis shows that Bitcoin's current short-term trend is still bullish, with good support from moving averages, and a MACD golden cross imminent, with funds flowing in. However, the KDJ overbought signal indicates a potential short-term pullback risk. As long as the pullback does not break 105500, the bulls are likely to maintain a fluctuating upward trend.

In the afternoon, Bitcoin is suggested to pull back near 106000 and continue to look upward, with a target of 108500.