#Gate2025年第三季度报告发布 #广场创作者认证申请上线 #ETH反弹在即？

Bitcoin maintained a fluctuating upward repair pattern throughout yesterday, starting its oscillating rise after hitting a low of 106,631 USD in the early session. As buying pressure gradually intensified, it peaked at 110,262 USD during the midday period, but faced noticeable resistance at this level, leading to a subsequent pullback. In the evening session, the price dipped to around 108,685 USD, where effective support formed, allowing bulls to regroup for another attack, peaking near 111,250 USD and refreshing the daily high before retreating again. As of now, Bitcoin is oscillating around 109,500 USD. From a technical perspective, the current market is operating at the central position of the 4-hour channel, which serves as a balance zone for short-term bullish and bearish forces, as well as a critical watershed for future trend formation. To establish a clear bullish trend, Bitcoin must strongly break above the upper boundary of the 4-hour channel and the integer level of 122,000 USD, which would then open up greater upward space. If an effective breakthrough cannot be achieved, the market is likely to continue oscillating within the existing channel, repeatedly testing the support and resistance of the upper and lower boundaries. Today is Friday, will "Black Friday" come? We need to closely monitor the movements of the funds in the market and pay close attention to any changes in news, as any significant news could disrupt the current oscillation balance.