The current BTC price fluctuation is severe, hovering around $105,000 recently. Despite the ups and downs, there is still a significant increase compared to last year. From a technical indicator perspective, the daily level shows fierce bullish and bearish competition, with the RSI indicator in a neutral range, indicating strong market wait-and-see sentiment. In the long term, with institutional funds flowing in 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.