$BTC Bitcoin is stuck at 106,000; is the next step an explosion or a collapse?

Bitcoin has come this far, like a trapped beast running wildly in its cage.

Even standing at 106,000 feels heavy, yet no one dares to call for a drop.

This is neither a peak nor a bottom, but the eve of a power struggle.

Retail investors are hesitant, trading is lukewarm, and BTC's current 'sideways' movement is anxiety-inducing.

Why the delay in movement?

1. Macroeconomic pressure: The US dollar is strengthening, the Federal Reserve is tough-talking, gold is skyrocketing, and risk assets are gasping for breath.

2. Geopolitical suppression: Middle East tensions + Eastern Ukraine situation, safe-haven assets leaning towards traditional ones.

3. Fluctuating sentiment: unable to break through or drop below, reminiscent of the calm before the storm.

But is 100,000 a solid bottom? For now, it still holds.