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Bitcoin has shown a rebound overnight, rising from a low of 108050, climbing to a high of 109123 before facing resistance, and then entering a phase of adjustment and consolidation. Currently, the price has not formed a substantial break or effective breakthrough, returning to the range after a dip, and also showing a pullback after the surge. From a short-term perspective, the market is likely to continue the seesaw consolidation pattern. The hourly candlestick structure exhibits typical characteristics of consolidation, with unclear directional guidance—after a series of declines, it was quickly recovered by a series of gains, maintaining an overall oscillating seesaw situation, lacking sustained upward momentum and showing no signs of a continuous downward break. Operationally, it is still advisable to focus on consolidating within the range!