Bitcoin experienced a brief surge to $104,011 in New York trading, rebounding from earlier losses and attracting bargain hunters. This move stemmed the decline that saw the token briefly dip below the psychologically significant $100,000 threshold. While one-hour momentum has improved, the daily trend remains fragile, with price still tracking below longer-term averages. 7-day volatility is high but not extreme, suggesting a calm session rather than panic selling. Coinbase spot data indicates USD trading volume of around $0.97B today, well below the typical range of $1.35B in recent times – an environment that historically dampens both sudden deleveraging and sharp rallies. Bulls may need to regain momentum above the crucial $105,250- $105,500 band to inspire a sustained upward trend. Near-term resistance is clustered around the $109K-$111K mark, an area characterized by supply levels and moving averages congestion on both 4-hour and daily charts. Breaking through this resistance would signal a shift from stabilization towards a confirmed trend. If not, traders will watch whether the market defends the crucial support zone between $99K-$101K, where demand has been consistently strong recently. Breaking below this level could shift focus away from short-term fluctuations and toward the broader risk environment.