$BTC has structure, do structure; no structure, do trend.

Liquidity is very poor, as if we have returned to the year 23.

---105200 is the upper limit of a consolidation area, which has now broken through, and the right side can be bullish.

---However, 106100 acts as the breakup point of the entire trend, so it is normal to see "encounter resistance and fall back." After the pullback, wait for the support test at 105200, where there is a possibility of becoming a phase starting point.

---103500 can be used for short-term long rebounds. 100900-101500 is very important!

---108400/110400 need not say much, there is still room for shorting.