The current BTC market has retreated after reaching the previous high resistance zone, but the overall trend is not weak.
From the market perspective, Bitcoin has limited selling pressure at the current price level. Although it faces resistance from previous highs, the price has broken through significant historical levels, and the market still has expectations for the 110,000 target.
However, it is important to note that even if it approaches 110,000, there is only a few thousand points of upward space left, and the momentum is limited.
Therefore, it is essential to wait for Bitcoin to fill the gap. The key point to watch is when the support at the 100,000 level is broken. It is expected that in the next few days (21st-23rd), it may test lower levels.
Moving forward, focus on the gap filling area. The first support is in the 96,000-92,000 range, with stronger support located around 90,000-92,000.