It's been a long time since we talked about BTC, let's discuss the recent market data.

Interestingly, it is obvious that there is capital suppressing at this position, but it just can't break down - the buying support is very solid. On the ETH side, it has already surged out first, but to be honest, if we want to see a decent market trend, we still have to see if BTC can lead the breakout. After all, if the big brother doesn't move, it doesn't matter how lively the little brothers are.

From a technical perspective, once BTC breaks through the current consolidation range, the first strong resistance above is around 104700. Whether it can hold this position basically determines where the short-term ceiling is.