Dear investment friends, good morning! Recently, the cryptocurrency market has been surging with intense waves, and the price fluctuations have been dramatic, especially the trends following each new high, where every rise and fall intertwines challenges and opportunities, tugging at the hearts of countless investors.

Looking back at last night's events, Bitcoin surged majestically, breaking through short-term highs and aiming for the skyline of 108,095 points. However, being at such heights can be chilling; after facing pressure, the price fell back like a shooting star, dropping to a low of 106,700 points. By dawn, although there was a gradual upward trend, it still failed to surpass the previous high and has been maintaining a volatile rhythm above 107,000 points, seemingly brewing new opportunities for breakthroughs.

Looking at the overall market, the bullish forces continue to gain momentum, which can be said to be the main theme of the market. However, the 108,000-point mark is like a solid fortress, creating strong resistance, causing the price to experience a pullback. Notably, the daily K-line pattern has completed a stunning turnaround from consecutive declines to consecutive gains, and the coin price, after firmly rooting in the middle track of the Bollinger Bands, has launched further upwards. Meanwhile, various technical indicators have all risen, clearly outlining the current strong pattern dominated by bullish forces in the market.

Focusing on the four-hour level trend, since around 105,000 points, Bitcoin has embarked on a one-sided upward journey, soaring close to the upper track of the Bollinger Bands. Unfortunately, upon reaching around 108,000 points, it encountered prior strong resistance, temporarily hindering the upward pace. Currently, the short-term key pressure point is anchored at 108,500 points, while 106,700 points below has become an important support line. It is expected that the market will repeatedly test these two key points throughout the day, and the fluctuation range may narrow; only new news stimulation or incremental capital inflow can break this temporary balance.

In light of the current market situation, here are the morning trading suggestions for you:

• Bitcoin: When the price reaches around 107,000 points, consider laying out long positions, targeting 108,500 points.

• Ethereum: When the price approaches around 2400 points, it presents a good opportunity to go long, targeting 2500 points.

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