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Technical analysis of Bitcoin on Saturday morning From the 4-hour chart observation, the Bitcoin price is currently in a low-level consolidation phase after a downward fluctuation. Previously, the price surged to a high of 110,530 dollars, and then bearish forces took control, leading to a continuous decline in price, reaching a low of 102,664 dollars. The market is currently in a low-level consolidation phase, with both bulls and bears repeatedly battling in the range of $104,000 to $106,000. The candlestick chart shows an alternating pattern of bullish and bearish candles, reflecting a current short-term balance of power between the two sides. In terms of technical indicators, the KDJ three lines have formed a golden cross at a low level and are diverging upwards, which typically indicates that there may be a rebound momentum in the short term. In summary, although there are signs of a short-term rebound in the market, the overall trend is still influenced by a bearish trend. It is important to pay close attention to the effectiveness of the lower support level going forward. If the price continues to fall below the lower track, the bearish trend is likely to continue; conversely, if it can stabilize and break through the middle track resistance, the bulls may have a chance for a counterattack. Today's morning trading suggestion: consider shorting in the 1063-1065 range, with a target of the 105000 range. The market environment still requires caution and proper risk management.

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From the 4-hour technical analysis, the price of Bitcoin entered a clear pullback phase after reaching a high of 110600, with bearish forces dominating the market, causing the price to continuously decline to a low of 102614. Subsequently, the price entered a range of 103500-106500, oscillating and forming an alternating Candlestick pattern, indicating that the forces of buyers and sellers are in a relatively balanced state in the short term. In terms of technical indicators, after the price breaks below the middle band of the Bollinger Bands, the middle band becomes a resistance level, pushing the price to operate in the lower band region. Currently, the price is fluctuating in the middle and lower band area, and the Bollinger Bands show a trend of contracting then expanding, indicating that market volatility may intensify. The MACD indicator remains in a death cross state, but the red energy bars show signs of shrinking and exhibit an upward turn trend, indicating that although the bearish momentum has weakened, the bullish reversal strength is still insufficient, and the upward space is limited. Attention should be paid to the effectiveness of the resistance range between 106000 and 106500. Overall assessment, although the market shows signs of a short-term rebound, it is still in a bear-dominated pattern. The focus will be on the performance of the 103500 support level; if this level is effectively broken, the bearish trend may continue; conversely, if the price stabilizes and breaks through the middle track, the bulls may have a chance to counterattack. Strategy suggestion: Bitcoin can be considered for shorting around 106000, with a target range of 103800-103500; Ethereum can be shorted in the 2570-2580 range, with a target area of 2450-2430. Market participants should closely monitor the breakout situation of key support and resistance levels and adjust their trading strategies in a timely manner.