In the four-hour 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 that prevented a successful breakout.

We still maintain our original judgment and firmly believe that the price of Bitcoin will subsequently head towards around 114,000, launching a rapid upward offensive. Currently, the market situation is changing rapidly and is in a very critical period. At this time, it is essential to focus all attention on every subtle change, especially to pay close attention to whether it will pull back to the central trend line area, specifically the key position around 104,000. This position is like an indestructible fortress, not only bearing extremely important support but also likely to become the core starting point that triggers a strong rebound and continues the upward attack chapter. Its influence is crucial and should not be underestimated.

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