In the early morning, BTC first experienced a surge in volume, reaching a new high of 106,665. From a smaller time frame perspective, this surge seems to have peaked, and there is a tendency for a pullback to occur, so it is not advisable to chase the highs at this moment.
The next movement will be a pullback for BTC; after a surge in volume, there is usually a normal pullback. The support zone to pay attention to is between 103,000 and 102,500. If BTC effectively defends this level, it will continue to rise; if it breaks below, consider going short.
