BTC market continues the oscillating trend of probing high and falling back from yesterday. The Candlestick pattern has repeatedly 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 level, with each price touch in that area resulting in a rapid pullback, showing a clear lack of strength in pushing higher. Although the price briefly recovered key levels multiple times during the day, it has never been able to effectively hold above, indicating heavy selling pressure above. Based on the analysis of the daily chart movement, it is highly likely that the market will continue to face downward pressure. In terms of operations, a rebound is our opportunity to go short.