#BTC is currently at the end of the 'converging triangle', with support at the 103 line below serving as the low point in the past month, and buying activity remains strong. From the recent market environment, negative factors (escalating geopolitical conflicts + the US SEC delaying the approval of spot ETFs) are predominant, making the possibility of a downward wedge quite high. The daily chart has been in a narrow range of low volume fluctuations in recent days, with trading volume significantly shrinking, maintaining a sluggish state for several consecutive days, indicating a strong market wait-and-see sentiment.