
Last night, the market showed some unusual behavior; despite the US stocks opening high, it did not follow suit and instead retraced to test the support at 106700.
Currently, in terms of form, the four-hour line level still has slight retracement demand. During the day, attention can be paid to the support around 106000. If this level holds, a subsequent rebound is expected to challenge the 108000 pressure again.
However, if this support quickly breaks, then the Bitcoin support will be looking at 104200-104700 for long positions, with resistance at 108000-108