BTC Narrow Range Fluctuation

1. BTC has recently started to fluctuate within a narrow range around 105,000, which means flattening the holding cost in preparation for the upcoming volatility. The longer the fluctuation lasts, the greater the potential volatility.

2. The probability of this fluctuation being downward is high, mainly because BTC has risen for 7 consecutive weeks, and the current retracement is insufficient. The 100,000 level is seen by many bulls as strong support and a stop-loss point, and the final low of the retracement may fall below this level.