Bitcoin Daily Perspective:

Since mid-May, it has been building a top oscillation, where a violent rebound occurred after seizing bottom liquidity.

From the daily range perspective, I will focus on the area around 106.5k, which is the contention point for whether a distribution can form.

If it breaks and holds above, then the market will continue to test upwards, looking towards strong resistance above 110k;

Currently, there is ample bullish liquidity left below, and after accumulating, it still presents an opportunity to build a new structure. Watch around 103.5k; after testing the rebound, a new structure will open up.