As of the evening of June 21, 2025, at 23:20, the Bitcoin market is at a critical technical level. It is currently important to closely observe the significant resistance level of 103740. If the price can effectively break through this level, a go long strategy can be considered, while setting around 103310 as the stop loss point. On the contrary, if the price cannot stabilize and falls below 103740, the market may turn bearish, and the defensive level should be set at 103979.

For long investors, once the price firmly stands above the 104130 level, the next target price will be aimed at 104960. On the short side, if the price falls below the 103314 support level, it may continue to probe down to around 102930.
The current market is highly volatile, and it is recommended that investors adjust their strategies in a timely manner based on the price reaction to key levels to control position risks. The market may continue to maintain a consolidation pattern in the short term until it breaks through the aforementioned key points to form a clear direction.