Technical Analysis of Bitcoin: The current key support level of $103,400 has become the focal point of the bull-bear battle. If the price continues to hold above this level, all timeframes will maintain a bullish dominant pattern, and the upward trend is expected to continue. The short-term resistance levels are $105,000, $105,700, and $106,500 in sequence.

To prevent the risk of a pullback, if the price falls below the support of $103,400 during the day, the hourly level may trigger a pullback, with support levels descending to $103,000, $102,400, and $100,950 respectively.