BTC has undergone a volatile consolidation over the weekend and is currently forming a clear oscillation pattern in the range of 103000-106300. There have been two downward tests over the weekend, neither of which effectively broke through the key support level of 103000. Additionally, since yesterday, each subsequent low has shown a gradual upward trend, indicating that the 104800 area has established a short-term support platform. From a technical perspective, to trigger greater selling pressure, a breakout above 106000 is needed to activate the trapped sell orders above.

Trading suggestion: During the day, you can attempt to go long with a light position near 103500-103000, targeting the upper range at 105800. After reaching this target, consider reversing based on changes in trading volume.