Today's Market Analysis: After yesterday's pullback, Bitcoin has returned to around 106,500, showing a subtle desire to break through. The higher timeframe maintains an upward channel trend, leaning bullish today, but a corresponding trading volume is needed to break the resistance; if it successfully stays above 106,600 USD, the target will point to 108,000 and the psychological level of 110,000 USD. There is an accumulation of over 30,000 sell orders above 106,600, and should the breakthrough fail, attention should be paid to the areas around 105,000, 103,000, and 100,700. The integer position of 100,000 is a psychological barrier for many, and a failure to hold above it may trigger a second wave of panic selling.
Trading Suggestion: If the price stabilizes above 106,600 and is accompanied by increased trading volume, consider entering with a light position of 30%.
The target looks towards the positions of 108,000 and 110,000, and after a breakthrough, it aims for 115,000
