November 7th Bitcoin Morning Analysis: The four-hour cycle shows a narrowing of price fluctuation range, and both the hourly and four-hour timeframes are trading below the midline, indicating a clear bearish trend. Additionally, bullish momentum is gradually depleting. Today, focus should be on the resistance level around 104,500. If this key area cannot be effectively broken through, consider short positions near this resistance zone, maintaining a "sell high" trading approach overall.

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