#市场分析 Looking back at the market dynamics over the years, I can't help but feel a lot. Today I saw an analyst predict that Bitcoin's key support level is at $108,250, with two support levels below at $104,520 and $97,050. This reminds me of the crazy pump at the end of 2017, when who would have thought that BTC would reach a high of nearly $20,000?

History is always astonishingly similar. With each round of bull and bear markets, new price milestones are established. But true veterans know that behind the numbers lies the development and maturity of the entire industry. From the initial extreme volatility to the relatively stable support level system we have now, this change reflects the gradual improvement of the crypto market.

However, we also need to be wary of over-interpreting technical analysis. Remember the crash in early 2018, how many so-called "iron bottoms" were breached. The market is always full of uncertainty, and past experiences tell us that being cautious and flexible is the key to success.

Regardless, this key support level of $108,250 is worth paying attention to. It may become the focal point of the bulls and bears contest in the near future. As a participant who has experienced multiple cycles, I suggest everyone closely monitor this level, but also be prepared for various possibilities. After all, in this ever-changing market, the only constant is change itself.