The trend of Bitcoin this week has been relatively simple, mainly oscillating around a range, with a wide fluctuation between 100,500 and 107,500. After a dip yesterday, there is now a rebound. Currently, it is at the 103,500 level for correction. Will it break through this evening? I believe it will.

At the four-hour level, the price is running below the middle track. However, after the K-line dipped to the lower track, it has been continuously bullish. The current price is about to test the pressure position of the middle track. If it breaks through, the price will inevitably go up again to test the 107,500 level. As for whether it can rise further in the future, it still depends on whether the resistance points above can be effectively broken.

At this stage, one can continue to be bullish around 103,400, with a short-term bullish outlook near 107,000, which is close to the short-selling resistance position. If there is a substantial breakthrough, then we can look at 110,000, as the price has not yet stabilized above.

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