11.6 Morning BTC Market Analysis:

The 4-hour level shows a significant lack of upward momentum, with three consecutive bullish candles followed by a decrease in momentum, failing to effectively stabilize at the middle band of the Bollinger Bands. This position has now transformed into a key short-term resistance level. Accompanied by a continuous shrinkage in buying pressure, the probability of a subsequent pullback has significantly increased. From the 1-hour level, both the upward movement and momentum appear weak, and the overall situation is caught in a sideways consolidation pattern. Considering the lack of support for short-term upward movements and the initial signs of a downward trend emerging,

Operating suggestion: Positions can be set around 103500 and 104000.