The Bitcoin market shows a fluctuating trend today, with analysts predicting it will fluctuate in the range of 109,200 to 109,800 in the short term. Investors may consider establishing a Light Position within this range, following the fall target near 107,500 to 107,000.

If the price falls back to the range of 107,400 to 107,000 after reaching the above target, there may be a rebound opportunity, expecting to rise to around 109,400 or even 110,500.

However, the market still faces multiple risk factors. The selling behavior of large holders, changes in regulatory policies, and the release of important economic data could all trigger significant fluctuations. Investors need to pay special attention to the key technical support level of 107,000; if this level is breached, the fall may accelerate, potentially reaching around 105,000.

In the current complex and changing market environment, it is recommended that investors remain cautious, closely follow various influencing factors, and adjust their investment strategies in a timely manner. At the same time, it is also important to control positions and manage risks to cope with potential large fluctuations.