In the four-hour level market trend, it is steadily advancing according to the established parallel channel. Like a train moving at a constant speed along the tracks, it has slightly touched the upper trend resistance line, but it seems to have encountered an invisible force blocking it, and has failed to break through.

We still maintain our original judgment and firmly believe that the price of Bitcoin will subsequently move towards around 114,000, launching a rapid upward offensive. Currently, the market situation is changing rapidly and is in a crucial period. At this time, it is essential to concentrate all efforts and closely observe every subtle change, especially to pay attention to whether it will retrace to the vicinity of the central trend line, namely the key position around 104,000. This position is like an indestructible fortress, not only bearing extremely important support but also very likely to become the core starting point for triggering a strong rebound market and continuing the upward attack chapter. Its influence is indeed significant and should not be underestimated.

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