$BTC The last test of BTB to 100372 directly resulted in a V-shaped reversal, indicating that the market's buying interest at lower levels is still strong.

Recently, BTB has experienced several challenges in trying to pull back close to 100372, facing ups and downs. As of now, the market is still nearly 2000 dollars away from a pullback to 100372.

This complicated approach to the area above 100372 has taken considerable effort, suggesting that a sustained decline is relatively difficult.

Currently, 100372 can only be considered a strong support level tested once; a second approach to this support level will likely see a rebound. Even if the market fails to form a second support at 100372 and chooses to break below it, it would only liquidate long positions around 100,000, and it would quickly rebound back above 100,000.

At this moment, Bitcoin is completely dominated by institutions, or major short-term funds and large positions are harvesting market liquidity, making it hard to have a one-sided market. The collective nature of institutional holdings makes a significant drop unlikely.