In the early hours of yesterday in the Crypto Assets market, Bitcoin (BTC) encountered resistance at the $107,800 level, then fell back to a low of $106,500, followed by a slight rebound. From a technical perspective, there are currently clear downward signals.

The hourly Bollinger Bands show three lines continuously diverging downward in parallel, with the price oscillating between the middle and lower bands, currently close to the lower band support area. This indicates that the short-term downward trend may continue.

In terms of the MACD indicator, the two lines continue to move parallel downwards below the zero line, and the green momentum bars are continually growing, further confirming that the bears currently dominate the market. Overall, Bitcoin is still operating within a downward channel.

Investors are advised to pay close attention to the following price levels:
Bitcoin: May encounter resistance in the range of 107,600-108,600 USD, with support levels nearby at 106,500-105,500 USD.
Ethereum: The resistance range is between $2,450 and $2,510, while support may appear around $2,370 to $2,320.

Given the current market environment, investors should remain vigilant and operate with caution. Market volatility may intensify, and it is advisable to carefully assess risks and conduct thorough market research before making any investment decisions. At the same time, attention should also be paid to changes in global macroeconomic factors and regulatory policies, as these may have a significant impact on the crypto assets market.