The current Bitcoin market is at a critical crossroads, showing a range-bound oscillation trend. From the daily chart level, around $107,000 is a crucial support level. The market direction will face an important choice here.

If a bearish candle appears on the daily chart, it may trigger a significant pullback, possibly even dipping to around $103,000 to seek support. However, if the market can maintain resilience, we may see a trend of 'sideways instead of down,' where the selling pressure is digested through consolidation.

In this case, the range of $110,400-$110,500 will become a key resistance. If this range can be broken, the possibility of creating a new high cannot be ruled out.

Currently, the market seems to be exchanging time for space, a strategy that often acts as a buffer in complex market environments, creating conditions for the subsequent development of the market.

Investors should closely monitor the upcoming evening market trends and prepare for various possibilities. Whether it's a bullish breakout or a bearish correction, significant trading opportunities may arise. However, given the uncertainty in the market, investors should act cautiously and ensure proper risk management when making any decisions.