The core idea recently is still to see the right-side low point rise, observing whether a new wave structure can be formed. In fact, there has been some weakness appearing in the 1h chart, with the previous uptrend 📈 being suppressed by the trendline, not returning to the previous strong state;

Because in this high-level fluctuation range, both bulls and bears have not experienced a large amount of turnover, and the volume is slightly insufficient, which is not conducive to subsequent breakthroughs. However, there is no need to be pessimistic; at least it won't turn into a weak structure before breaking the previous low point. Let's follow our subjective perception for now.

Bitcoin 101700-101800 has formed a wave, with the previous low point being a support, continuing to look towards 105k.