The price of Bitcoin has once again experienced dramatic fluctuations, plummeting sharply from a high of $108,432 to $102,651, breaking through a key support level, causing the market to fall into panic for a time. However, just as the downtrend seemed inevitable, buying pressure emerged around $103,000, pulling the price back to the level of $104,630, and the market sentiment showed slight signs of recovery.

Technical analysis shows that the support strength in the $103,000 area is strengthening, potentially forming a short-term bottom. However, investors should not be overly optimistic too soon, as Bitcoin has not yet returned to its previous breakout point. For a true reversal to occur, the price must firmly stay above $104,000 to create conditions for challenging the resistance range of $105,600 to $106,000.

It is worth noting that if the current support level is broken, the price may fall below the 102,000 dollar mark again. At this critical moment, the volume indicator is particularly important—it will reveal whether this rebound has real strength support or is merely reflecting a temporary emotional fluctuation. Market participants should closely monitor changes in volume to assess the sustainability of the current price trend.