The current BTC price fluctuation is severe, hovering around $105,000 recently. Although there have been ups and downs, there has been a significant increase compared to last year. From a technical perspective, the daily chart shows intense bullish and bearish battles, with the RSI indicator in a neutral range and a strong wait-and-see sentiment in the market. In the long term, with institutional capital inflows and the development of Bitcoin spot ETFs, it is expected to rise steadily; however, changes in regulatory policies and market panic sentiment may still pose downward risks.