Wednesday Analysis:

Yesterday, Bitcoin continued its oscillating downward trend, currently hovering in the narrow range of 105400, with trading volume continuously declining, showing signs of market fatigue.

The short-term trend may maintain a weak oscillating pattern, targeting the key support level of 104200. If this level is broken, it will trigger a new round of downward trend. However, if the KDJ indicator releases a bottom reversal signal, there is also hope to challenge the resistance level of 107100 upwards.

Operation Suggestion: Bitcoin rebound to the range of 106200-106500, target around 104200-102500-101800 $BTC