Bitcoin is currently locked between the support level of $104,000 and the resistance level of $111,000, forming a technical "death triangle" pattern. Market volatility has dropped to its lowest point in half a year, with the average true range (ATR) indicator showing extremely dull performance—this situation is typically a precursor to significant price fluctuations.

The options market seems to have anticipated the upcoming fluctuations, with the 3-month implied volatility stabilizing at 52%, while the bullish skew continues to strengthen, indicating that capital is quietly positioning for an upward trend.

If the price can break through the $111,000 level, according to the measurement target of the triangle flag pattern, the price may soar to $121,000, which coincides with the historical high support level, demonstrating a textbook-level movement in technical analysis.

On the contrary, if the daily chart falls below $101,000, the market trend may turn bearish, with the next support level at $98,000, and it could even test $95,000.

Whether bullish or bearish, it is essential to formulate a clear trading plan at this critical moment, rather than regretting it after the price has fluctuated significantly.

The key question is: do you choose to wait for a clear breakout signal, or do you take the initiative to position yourself in advance?