Today's market analysis indicates that "at the current stage, it may still be too early, and even somewhat pessimistic, to determine whether Bitcoin will pull back to the 21-week moving average of $105,696. However, we still regard this level as a key trend reference: if the price is above this level, the overall trend remains biased towards long positions; once it falls below, we need to be cautious of bear market signals. Over the past three weeks, we have consistently expressed a more cautious stance in our weekly reports, and Bitcoin has also experienced a pullback, although market sentiment remains relatively optimistic. In the short term, some funds may flow back from high fluctuation alts to Bitcoin, providing certain support for the price. However, we still advise investors to remain cautious and control risk exposure. This judgment has been raised multiple times in the past few weeks and is still applicable now."