Recently, the Bitcoin market has shown a fluctuating bearish trend. The 4-hour Candlestick chart indicates that the price center is gradually moving downwards, with a series of small entity Bearish lines being formed, and the Rebound momentum continues to weaken. On the technical front, both the DIF and DEA lines in the MACD indicator are in the negative range and are showing a continuous downward divergence. The amplitude of the green histogram is constantly expanding, indicating that the short positions are strengthening.

It is worth noting that the current period is the weekend, and market liquidity may be affected, so investors should be cautious of potential volatility risks.

In light of the current market conditions, it is recommended that investors consider placing long positions in the range of 107500 to 108000. The upper target can focus on the area between 109500 and 110500, while setting 107300 as a defensive position. If the price falls below this level, one should exit quickly to avoid further downside risk.

However, the market is ever-changing, and investors need to comprehensively consider factors such as the macroeconomic situation, changes in regulatory policies, and the overall trends of other cryptocurrency markets when formulating trading strategies. Additionally, risk management is crucial, and it is recommended that investors allocate funds reasonably based on their own risk tolerance and strictly implement stop-loss strategies.

With the continuous development of the digital asset market, Bitcoin, as the leader, will continue to influence the entire cryptocurrency ecosystem. Investors should maintain a cautiously optimistic attitude, closely monitor market trends, and flexibly adjust their investment strategies.