Today's market shows a volatile trend of first dipping and then rising. The price initially dipped to the 109300 level and then fell under pressure, reaching a low of 107300. Subsequently, long positions emerged, pushing the price upwards, which peaked at 111600. Currently, it is maintaining a volatile consolidation around 110800.

From the hourly level, the short-term long positions volume is showing a contraction trend. The key support level of 109500 should be closely monitored going forward. If the price experiences a pullback, further attention can be paid to the secondary support strength at 107500.

On the operational level, if the market rebounds to the range of 111300-111800, consider laying out short positions, targeting the area of 109300-108800 #BTC⁩ #比特币 .