In the early morning, the Federal Reserve's interest rate decision remains unchanged, and the market reacts mildly. Last night, Bitcoin rebounded to around 105300 before falling back to around 103400.

From the dynamic evolution of technical indicators and the potential shift in market sentiment, blindly following the crowd to short is clearly not a wise choice. The repeated tests of the Bitcoin price around the 103000 line have all failed, indicating strong buying power below, forming a solid bottom support. This situation often suggests that the market is about to experience a directional turning point, potentially triggering a new round of upward breakout at any time.

Bitcoin continued to oscillate in a small range in the morning, dropping to around 104300 after returning from around 105200.

The four-hour chart shows a shrinking volume, with Bitcoin rebounding from the bottom, forming a doji star, while the hourly chart shows increasing volume, maintaining operation near the middle-upper track.

For intra-day short-term trading, look at Bitcoin between 104600-104800, targeting around 105400-105800.

If it breaks down, further adjustments will follow.