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Bitcoin broke through a two-month-plus range high but quickly fell back into the range. Ideally, we want to see BTC quickly recover the range high, thereby initiating a higher rally with a target around $110,000. If the range high is lost, it serves as an important warning signal—possibly indicating a weakening of upward momentum, and the subsequent trend needs to be reassessed. The current key is whether it can effectively hold above this technical support.