Bitcoin, overnight, exhibited a rebound momentum, recovering from a low of 108050, once climbing to a high of 109123 before encountering resistance, and subsequently entering a consolidation phase. Currently, the coin price has not formed a substantial breakout or effective breakthrough; after a dip, the price returned to the range, and after a surge, it also experienced a pullback. In the short term, the market is likely to continue in a tug-of-war consolidation pattern. The hourly K-line structure shows a typical consolidation characteristic, with unclear directional guidance—after consecutive declines, it can quickly recover with consecutive gains, maintaining an overall oscillating tug-of-war situation, lacking both sustained upward momentum and indications of sustained downward breakouts; operations should still focus on consolidation within the range!
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Bitcoin, overnight, exhibited a rebound momentum, recovering from a low of 108050, once climbing to a high of 109123 before encountering resistance, and subsequently entering a consolidation phase. Currently, the coin price has not formed a substantial breakout or effective breakthrough; after a dip, the price returned to the range, and after a surge, it also experienced a pullback. In the short term, the market is likely to continue in a tug-of-war consolidation pattern. The hourly K-line structure shows a typical consolidation characteristic, with unclear directional guidance—after consecutive declines, it can quickly recover with consecutive gains, maintaining an overall oscillating tug-of-war situation, lacking both sustained upward momentum and indications of sustained downward breakouts; operations should still focus on consolidation within the range!