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Bitcoin has always operated around the key range of 109000-110000, with limited overall volatility. Specifically, during the midday session, Bitcoin experienced a rally, reaching a peak of 109709; however, it was unable to maintain this upward momentum and saw a slight pullback. In the afternoon, the price further dipped to a low of 109051, but fortunately, it found strong support at this level, leading to a rebound after the decline. Throughout the day, the market exhibited a cyclical consolidation within the range, with both bulls and bears in a relatively balanced state for the time being. The moving average indicators continue to show an upward trend, indicating that the medium to long-term bullish trend in the market has not changed, and the support from the moving averages provides strong protection for the price. Furthermore, from the 4-hour candlestick structure, alternating bullish and bearish candles have formed a bottoming and recovery trend, and the current price has once again reclaimed the mid-point of the four-hour chart, suggesting that short-term bullish strength is gradually recovering. Although the bulls have slightly paused after a volume increase, this is merely a temporary adjustment, and the market is accumulating strength for the next upward move.