The BTC price has reached a resistance range. Although it is not easy to drop in the short term, it is also difficult to rise, leaving limited operational space. In the movements of 1H and below, some moving averages have formed a bullish arrangement. However, if it continues to rise, it may lead to simultaneous divergence between MACD and the K-line at smaller time frames. Therefore, it is not advisable to operate on nearby long positions; we need to wait for suitable opportunities and avoid chasing highs; the main strategy should be to sell high.

Short-term resistance is at the current position, but it has not yet shown an operable pattern. The higher resistance reference is 107635~108777 (pay attention to whether there are divergences at smaller time frames before deciding whether to sell high). Short-term support is at 103811~103502 (for aggressive positions, the rebound space is small, and it should be quick in and out). The second support is at 99080~97478 (low probability; place orders for a sharp drop).