From the current trend chart, Bitcoin is forming a consolidation pattern that is gradually narrowing on both sides, similar to a triangular convergence pattern.
Although the price is in a volatile consolidation, considering the recent trading volume and capital flow situation, the market buying power still dominates, and the medium-term upward pattern has not changed.
The operational suggestion is to pay attention to pullback opportunities, and to gradually build long positions in the support range of 103000-103500.
If the price stabilizes and rebounds, the first target above is around 105000, and if it breaks strongly, it is expected to surge towards the 106000 area. Remember to set a stop-loss protection below 102500; if this level is lost, it may indicate a short-term trend reversal.
