The Bitcoin market experienced severe fluctuations today. In the morning, the Bitcoin price began to decline from around $109,200, and at midday it reached a low of $107,200. However, the strength of short positions quickly weakened, and long positions launched a fierce counterattack.

Currently, Bitcoin has successfully broken through the key price level of $109,000, reaching a high of over $109,800. Analyzing the current market trend, it is expected that the long positions trend is likely to continue in the next few hours, and the upward space is expected to further expand.

For trading strategies, it is advised that investors follow the current trend and consider establishing long positions during price pullbacks. Specifically, attention can be focused on the range of 107200 to 108000 USD as a potential buying opportunity. If the market continues to improve, it cannot be ruled out that the price of Bitcoin may break through the 110000 USD barrier.

However, it is important to remind investors that the cryptocurrency market has always been characterized by significant fluctuations, with risks and opportunities coexisting. Before making any investment decisions, it is essential to fully assess your own risk tolerance and operate with caution. At the same time, continuously monitor market dynamics and various factors that may affect Bitcoin prices, including but not limited to regulatory policies and macroeconomic conditions, in order to adjust strategies in a timely manner.