Today, Bitcoin (BTC) is oscillating around $102,000, with a slight decline of about 2.4% in the last 24 hours. Kraken+1 Nevertheless, from a structural perspective, there are still highlights for the future:

First, the continuous inflow of institutions and ETFs provides strong support for Bitcoin, enhancing its position as a core asset due to the stability of the capital market.

Second, if the price can hold the current region and form multiple higher low structures, the momentum for the next round of increase will be stronger. However, if it loses key support, the risk of a pullback cannot be ignored.

Finally, the macro environment (such as interest rates, the trend of the dollar, and regulatory policies) remains an important variable in determining the direction of the next stage.

Speculation on future trends: Bitcoin may continue to consolidate and build a bottom in the short term. Once capital flow and macro factors align, the next "attack" mode will be initiated. If there is a capital outflow or negative policy, it may trigger a deeper pullback. Overall, it is at a critical node of "waiting for the triggering moment."