The morning market presents a pattern of long and short battles, with prices mainly fluctuating between 104200 and 104800. Our bullish outlook for the morning is to position long orders near 104000, aiming for a target of 105800. The current coin price has rebounded to around 104700. We will continue to maintain our bullish outlook in the afternoon! A pullback will be a good opportunity to position long orders.

In the afternoon, the market continues to maintain a range-bound oscillation pattern of long and short battles. From a technical perspective, on the K-line chart, prices encounter significant resistance near 105000 and gain support around 104000. The current K-line pattern shows small real candles alternating between bullish and bearish, indicating that both sides are still in fierce contention. The MACD indicator is operating near the zero axis, with the fast and slow lines crossing multiple times but failing to form an effective breakthrough, further confirming that the market is in a typical consolidation phase. In the short term, a 'buy low, sell high' strategy can be adopted within this oscillation range.