BTC Friday Night Market Interpretation:

On the daily level, the long lower shadow formed during the previous downward movement acts like a solid defense line, providing strong support for the price. However, on the 4-hour timeframe, the key resistance level of 106500 has become a "copper wall and iron wall" for the bulls, with multiple attempts to break through ending in failure. Currently, the bears hold the dominant position in the market, and the suppression is evident.

Technical indicators reveal further insights; although a golden cross has appeared in the MACD on the 4-hour level, the growth of the energy bars is slow, indicating that the bullish power is still in a consolidation phase, making it difficult to form an effective breakout in the short term. It is expected that Bitcoin will continue to oscillate within a range in the short term, with both bulls and bears engaged in a tug-of-war around key levels. Based on this, the trading strategy for tonight suggests focusing on short positions at high points.

Specific operational advice: Consider placing short orders when the Bitcoin price rebounds to around 106500, targeting a price level near 103700. However, it should be noted that the cryptocurrency market is extremely high-risk, and the above analysis is for reference only. Please ensure proper fund management and risk control.