The foundation for today's Bitcoin strength is the easing of geopolitical risks, a weakening dollar, and inflows of institutional funds. Currently, there is a short-term consolidation forming a bottom, with an overall bullish sentiment.
The technical outlook shows that if it can effectively break through $108,200 and maintain that level, it is likely to test $110,000–$112,000;
If it falls below $107,000, caution is needed for a potential pullback testing the support at $105,000.
