In the early morning, the price of Bitcoin has risen to the key level of 106600. From a technical architecture perspective, five consecutive bullish candles have appeared on the four-hour chart, and the BOLL indicator shows an outward expansion trend. Its support structure is clear and distinct, and bullish forces are gradually consolidating and strengthening. Currently, the key resistance area above mainly focuses on the stability of the 105000 level. If this level can be successfully突破, the subsequent price movement is expected to extend further towards the range of 108000 to 112000. Meanwhile, the support level below is firmly established around the 101500 area, providing a certain buffer for downward price movement.