$BTC

Upward space: If it stands at $100,000, the technical target points to the range of $103,500 - $109,000.

• Pullback risk: In the short term, caution is needed for the selling pressure at the upper Bollinger Band (around $100,000). If it falls below the support at $97,700, it may retest $95,000 - $96,000.

• Potential catalysts: The Federal Reserve's interest rate cuts, developments in geopolitical conflicts, and changes in regulatory policies will be key variables for subsequent market trends.

IV. Investment strategy recommendations

Short-term traders should pay attention to the sustainability of volume above $100,000. If a decrease in volume occurs during a pullback, they should guard against profit-taking pressure; long-term holders are advised to maintain their positions and monitor ETF capital inflows and corporate buyback dynamics. $BTC