Bitcoin is currently fluctuating around $105,500, with the technical outlook still leaning towards bullish. *Although the price is facing resistance around $105,800, the pullback has not been accompanied by significant volume, and the key support area of $104,500-$104,800 remains solid, indicating that the market is still in a healthy adjustment phase. The 4-hour moving averages are converging upwards, the MACD golden cross continues, and the RSI remains around 60, showing that there is still upward momentum in the short term. If it can stabilize above $105,300 at night, it may challenge the $106,000-$107,000 range again.

In terms of operations, short-term attention can be given to low long opportunities near $105,000, with a stop-loss set below $104,300. If the price breaks above $105,800 with volume, it may accelerate upward to test higher resistance. Overall, Bitcoin is still in a consolidation phase within an upward trend, and if the external market stabilizes, there is still hope for a continuation of the upward momentum.