Bitcoin has recently entered a sideways consolidation phase. After a few days of adjustment, the short-term price movement has formed a small triangular pattern and is entering a convergence stage. Investors need to closely follow the breakout direction.

From an overall technical analysis, Bitcoin is still in a downward channel. After the current adjustment pattern breaks, the market needs to break through the key resistance level around 107000. Only by breaking through and stabilizing above this position could it trigger a strong upward trend.
At the same time, investors should particularly follow the short-term support level around 103000 below. If this support level is broken, the Bitcoin price is likely to further decline, potentially even falling below the psychological key level of 100000, triggering a larger adjustment.
The current market is at a critical decision point, and investors need to judge the future trend based on the price movement at these key positions.