Bitcoin maintained a high-level fluctuation during the night, repeatedly fluctuating within the trading range. Last night, the coin price rebounded after testing the Fibonacci support level of 102500 at 0.786, but the momentum was limited. Technical indicators show that the MACD top divergence continues, trade volumes are decreasing, and DIF and DEA are converging; the Bollinger Bands are in an upward channel, and the Candlestick is suppressed by the upper band at 106100, continuing the range-bound fluctuation pattern in the short term.

On the four-hour level, the Candlestick continues to run above the EMA trend indicator, with bullish momentum contracting and top pressure moving downwards. MACD continues to shrink, with DIF and DEA approaching the 0 axis, and the top divergence expanding to the midline level. The Bollinger Bands are running horizontally, with the upper band at 105200 and the lower band at 101800 forming a fluctuation range. It is recommended to operate short-term along the upper and lower edges of the trading range.

Personal operation: This morning, I went long near 102000, targeting 104500 (this week is highly likely to break the previous high); if I encounter resistance, I will reverse and go short, maintaining the strategy of selling high and buying low. #BTC#