On May 24, 2025, the price of Bitcoin (BTC) fluctuated around $102,000, showing a consolidation trend in the short term. Recent market sentiment is cautious, with prices oscillating between the support level of $100,800 and the resistance level of $105,000, forming a narrowing triangle structure. On-chain data shows that the cost basis for short-term holders is around $88,000, indicating limited downside potential. The market anticipates a breakthrough of key resistance levels to maintain the upward momentum, but if it falls below the support, it may retrace to $90,000. On a macro level, expectations for crypto-friendly policies boost confidence, but caution is needed regarding global economic uncertainties. Traders should pay attention to technical indicators and market dynamics, and act cautiously.