According to Kiyotaka.ai data, Bitcoin has recently risen from $75,000 to $104,000, showing a "stair-step" upward pattern. However, currently, the bulls face sell order resistance of approximately $120 million at $104,800 and $105,000, which has become the main challenge for further increases. Over the past month, Bitcoin has risen by 38%, but the current price fluctuates between $101,000 and $105,000, indicating that the market has entered a consolidation phase. Analysts believe that despite significant sell order pressure, technical indicators suggest that Bitcoin still has the potential to break through resistance and reach new highs.