The current Bitcoin price is showing a clear range fluctuation characteristic, mainly oscillating between 107000 and 108200. From the four-hour chart, the market is in a clear sideways consolidation phase. The previous rapid pump has consumed most of the long positions' momentum, giving the short positions an opportunity to counterattack.

However, we need to recognize that these pullbacks and corrections are an inevitable process for the price to maintain a healthy operational structure. From a medium to long-term perspective, the market is still in a long positions dominated trend. This adjustment may provide a good foundation for subsequent pumps.

For traders, this may be a good time to look for entry opportunities. It is recommended to consider establishing long positions in the range of 107000 to 106500. If the market develops as expected, the target price can be set at 108000 or higher at 108900 in the short term.

However, we must always be vigilant about potential changes in the market. Although the current trend is leaning towards long positions, the cryptocurrency market has always been subject to significant Fluctuation, and investors need to strictly control risks and set reasonable stop-loss positions. At the same time, it is also important to pay attention to changes in the global macroeconomic situation and regulatory policies, as these factors could have a significant impact on Bitcoin prices.

Overall, although there may be fluctuations in the short term, the medium to long-term prospects for Bitcoin remain optimistic. Investors should be patient and wait for the best entry point, while also being prepared for long-term holding.