$BTC Current Price and Short-Term Trend

Latest Price: $105,613 (as of June 8).

Intraday Fluctuation: Yesterday (June 7) increased by 3.97%, reaching a high of $105,900, but today's price is under pressure, showing a high-level oscillation pattern, with consecutive small bearish candles on the hourly chart, indicating a weakening bullish momentum.

Key Support and Resistance:

Support: $104,500 (yesterday's pullback low), $103,200 (key support tested multiple times recently), $100,000 (psychological level).

Resistance: $106,000, $107,000, $110,000.

Pattern and Structural Analysis

V-Shaped Reversal Confirmation: After successfully holding the psychological level of $100,000, the price rebounded, forming a V-shaped reversal pattern, with bulls regaining dominance, but a breakout above $106,000 is needed to validate the trend's effectiveness.

Head and Shoulders Bottom Prototype: A head and shoulders bottom structure is forming around the $74,000 level on the monthly chart. If it stabilizes above $100,000, it may further test the Fibonacci retracement level of 0.618 ($112,000).