The BTC market continues the oscillating trend of probing higher and then retreating from yesterday. The candlestick pattern has consistently shown long upper wicks, indicating that long positions have repeatedly attempted to push higher but have failed. From a technical perspective, a strong resistance level has formed above the 108 mark, with prices quickly pulling back each time they touch this area, exhibiting a clear lack of upward momentum. Although the price has briefly recovered key levels several times during the day, it has never been able to effectively hold above, showing heavy selling pressure above. Based on the analysis of the daily chart, it is highly likely that the market will continue to face downward pressure. In terms of operations, the rebound is an opportunity for us to go short.