In the current Bitcoin market situation, the release of CPI data the day before brought positive signals, directly driving a strong rise in prices during after-hours trading in the stock market. The price of Ethereum reached a historic high, and Bitcoin once touched the $110,000 mark. However, strong selling pressure at high levels during night trading led to a price pullback and consolidation. It is noteworthy that, as of now, the key support level of 107290 for Bitcoin has not been effectively broken, indicating that long positions may still have the potential to regain control of the market trend.

From a technical perspective, the 4-hour candlestick chart shows that the price of bitcoin is under significant pressure at the key resistance level above, and after adjustment, it has now hit the bottom support area. As long as the support level of 107290 can hold, the subsequent market is likely to continue the uptrend and try to further test the resistance strength above. If this support level is breached, the market trend may turn and investors may need to consider adjusting their strategies. Based on the current market situation, in the short term, the trading idea can consider the layout of long orders at a low level, but it is necessary to closely monitor the changes in the support level and flexibly adjust the position and trading direction.

According to the current market analysis, Bitcoin can focus on long position opportunities in the 107000-107500 range, with the target looking towards around 108500; Ethereum can focus on long position opportunities in the 2750-2765 range, with the target looking towards around 2800.