$BTC Bitcoin Technical Analysis:

1. The Bitcoin 4-hour K-line is declining with reduced volume, as of 7:05 AM, there are suspicions of a false breakdown. Last night, the Bitcoin 1-hour K-line increased significantly in volume, with the price reaching a new historical high around 108,353 USD. The 1-hour cycle shows a bearish divergence pattern with a price pullback. Currently, it is in a high-level consolidation and fluctuation within the ascending wedge channel on the 4-hour chart. Please note the resistance level at the neckline around 107,925;

2. The 4-hour parallel channel for Bitcoin remains effective, with the upper pressure at 108,000 being suppressed. This breakout failure allows us to pay attention to the central trend position, which maintains running in the upper half of the parallel channel, where the central position is in the range of 103,500-104,000;

3. All cycles above the 1-hour for Bitcoin show a bullish trend in resonance with the Guppy trend indicators. For short-term operations, consider buying on dips!

Personal suggestion from Lao Te: For the next couple of days, it's best to avoid trading Bitcoin in swings and wait for the consolidation to finish. I will share suitable entry points with my brothers later! #BTC再创新高 #加密用户突破1800万