Good morning, yesterday's BTC movement showed a pullback during the day, and the daytime pullback did not break the previous day's rise, which is a normal adjustment pattern. By the evening, the adjustment ended and continued with 2 waves of rebound. Last night, a reminder was already given about whether it could continue to rise today.

Currently, the BTC market is in a normal rebound phase after the third downward wave of last week. The short-term resistance is around 106,000, and this morning it basically reached and showed a pullback. The BTC has not broken the 104,000 level again, so we cannot confirm that the rebound has ended. Moreover, we noticed that the varieties led by Yitai only started rebounding last night. Today's volatile rebound is expected to continue. It is not advisable to position for short before BTC breaks the 104,000 level or forms a reversal pattern. The short-term resistance is at 106,800, based on the evening tips, position for long and adjust the stop-loss level. Exit and observe once the target range is reached, or participate lightly in the pullback!