Recently, Bitcoin ($BTC ) has encountered significant resistance in the range of $103,000 to $104,000, which is viewed as a long-term supply zone, and some investors have chosen to take profits here. On a technical level, if the price can hold above the $100,000 support level (near the 20-day moving average), it may continue to target the range of $107,000 to $110,000; conversely, if it falls below $100,000, it may pull back to the support levels of $95,000 or $86,000.