$BTC it's impossible for the price to break 106k, so in my opinion, the current situation is:

1. Short liquidity (fuel) is almost exhausted!

2. The total amount of long liquidity not liquidated is relatively high, but scarce near the current price;

3. The funding rates of the three main exchanges have returned to normal.

Therefore, it can be expected that the range of 100k~106k will become the new oscillation zone, until the short liquidity above 106k fills this gap, or the long liquidity around 97k completes its accumulation.