As expected, the market continues to show a fluctuating trend. In the morning, the price of Bitcoin fluctuated between $105,500 and $104,000. From a smaller time frame perspective, technical indicators have shown signs of divergence, suggesting that the market may undergo a sideways adjustment in the short term.

From the four-hour chart observation, as the technical indicators gradually align, the price may slowly rise in fluctuations.

In the short term, with the narrowing of the range, the market will still maintain a pattern of range fluctuations, and only a breakout of the existing range will allow us to see the continuation of the trend.

In the short term, bulls can still focus on the resistance level at $105,500 above; if broken, there is hope to look towards $106,500.

Overall, the market is still undergoing a technical adjustment, and investors need to flexibly adjust their strategies based on the breakout situation to cope with market uncertainties. #币安Alpha上新