Analyzing the current Bitcoin market, despite the geopolitical tensions causing price fluctuations, market sentiment remains stable. Investors do not show obvious panic, and the trading turnover rate stays at normal levels, especially during the weekend where data shows most participants remain calm. From a support level perspective, the 93000-98000 USD range remains solid, while the Bitcoin holdings around 105000 USD continue to increase, and the current chip structure has not shown obvious risk signals.

From a technical perspective, the 90-minute chart shows that the price is currently hovering around $105,429. Technical indicators suggest that $105,588 is a key resistance level, and momentum indicators have entered the overbought zone. Significant selling pressure has emerged at this resistance level, and the candlestick pattern exhibits characteristics of a hanging man, indicating that upward momentum may be about to wane. Chip distribution data shows a highly concentrated trading area at $105,588, and the weakening divergence trend of momentum indicators, along with the slowing growth of the MACD red bars, further confirms the risk of a potential pullback. It is worth noting that EMA24 and EMA52 are in a bearish arrangement, limiting the price's upward breakout potential.

Based on the current market conditions, Bitcoin may face downward pressure in the range of 105700-106300 USD, with the target area at 103000-100000 USD. If it breaks through 107000 USD, then the strategy needs to be adjusted. Ethereum is also under pressure, potentially retreating to the 2400-2300 USD range from the 2550-2600 USD area. A break above 2650 USD would require reassessment.