#BTC突破100K • Upward Space: If it stabilizes at 100,000 USD, the technical target points to the range of 103,500-109,000 USD.

• Pullback Risk: In the short term, beware of selling pressure at the upper Bollinger Band (around 100,000 USD); if it breaks below the support of 97,700 USD, it may retest 95,000-96,000 USD.

• Potential Catalysts: The Federal Reserve's interest rate cuts, the evolution of geopolitical conflicts, and changes in regulatory policies will be key variables for future trends.

IV. Investment Strategy Suggestions

Short-term traders should pay attention to the sustainability of trading volume above 100,000 USD; if there is a reduction in volume during a pullback, be cautious of profit-taking selling pressure; long-term holders are advised to maintain their positions and monitor ETF capital inflows and corporate buyback dynamics.