#GateWeb3LaunchpadBOB上线

Bitcoin fluctuated within the range of $101,200 to $102,500 during the day yesterday, with intense competition between the bulls and bears in this interval, while the trading volume remained relatively low. As trading sentiment gradually accumulated, the market saw a surge in volume during the evening session, with the price breaking out of the consolidation range and rising rapidly, testing a high of $104,000, attempting to break through the previous resistance area for the first time. After reaching the high of $104,000, Bitcoin entered a brief correction phase, but the pullback was limited, clearly reflecting the support strength after the breakout above. Following a slight horizontal consolidation during the night, bullish momentum gathered again, and a second upward rally began in the early morning, with the price reaching a high of $105,400 so far, maintaining an upward bullish progression. A new upward space has been successfully opened. For Bitcoin's market in the new week, as the market's expectations on the macro level gradually ferment, it is essential to focus on the breaking situation around $106,500-$107,200. If it can hold this high and continue to increase in volume, it is expected to further challenge higher resistance levels. In terms of operations, it is recommended to gradually build long positions in stages and sections, while also being wary of the risk of pullbacks at high levels, keeping sufficient funds for risk hedging to avoid chasing high prices.
$BTC