The fundamental reason for the slow rise in the current Bitcoin price is that large funds have not fully gotten on board, and $106,500 is the key threshold to open the next wave of market movement.

The seemingly long consolidation period actually provides investors with the last opportunity to get on board at a low level. Bitcoin has successfully held the support level at 105,000 USD, and the market trading volume remains stable, which means that as long as it breaks through the key resistance level of 106,500 USD, the real upward trend will officially begin.

It is worth noting that the current wave of rebound is fundamentally different from past market trends. It has surged against the backdrop of geopolitical conflicts and extreme pessimism. Once a breakthrough at a key price is confirmed, it will serve as an important validation of market confidence, leading to a large-scale panic buying behavior.

A successful investment strategy does not necessarily require getting on board at the lowest point, but rather building positions when market sentiment has not yet reached a euphoric state, thereby obtaining excess returns when institutions are forced to scramble for positions later.