Currently, Bitcoin is fluctuating around the **$102,500-104,000** range. The technical analysis shows that short-term support has moved up to **$102,300-102,800** (4-hour EMA20 and the lower Bollinger Band). If it pulls back to this range and stabilizes while showing a long lower shadow or a MACD divergence signal, one can enter long positions in batches, targeting **$104,500-105,500**, with a stop-loss set below **$101,500**.

If the price breaks through **$104,000** with increased volume, one can chase the rise with a small position, targeting the previous high resistance level of **$105,000-106,000**, with a stop-loss at **$103,000**. Be cautious of RSI overbought conditions (daily 75) and on-chain whale selling pressure. If it falls below **$101,500**, timely stop-loss and wait-and-see are necessary.

**Position Management**: Keep total position controlled at 50%-60%, reserving cash to address pullback risks. Pay attention to the progress of the China-U.S. trade agreement and ETF capital flows; if macro benefits are realized, one can moderately increase positions. $BTC