Bitcoin has recently been affected by geopolitical conflicts and market sell pressure, causing the price to fall below key support levels and currently fluctuate around $104,000. The short-term technical outlook is weak, with the RSI in the oversold range, and market sentiment is cautious. However, the $100,000 psychological level has strong support. If it can be maintained, combined with inflows from ETFs and institutional buying, the market is expected to gradually recover and challenge resistance above $110,000. In the medium to long term, mainstream predictions remain optimistic about Bitcoin's potential to reach $130,000 or even $150,000 within the year, but short-term volatility and correction risks should be noted.