The hourly chart reflects short-term trading, with frequent long upper wicks, indicating that breakthroughs encounter resistance, and the resistance above is strong. The lows are gradually rising, possibly supported by bargain hunting and recognition of investment value. Trading volume fluctuates significantly, with higher trade volumes followed by a decline, showing insufficient willingness to chase the price.

In summary, the long upper wick, rising lows, and declining Trading Volume indicate intense short-term market competition. There is heavy selling pressure above, so it is recommended to focus on high positions.

Bitcoin: around 109300-109800, add at 110300, looking down at 108300-107500 #BTC#