币界网报道：Bitcoin (BTC) remains range-bound near $103,700 amid macroeconomic uncertainty and deteriorating retail sentiment, according to CoinDesk Research. Crypto analytics firm Santiment reported the bullish-to-bearish commentary ratio has dropped to 1.03:1 — the lowest since April's market turmoil — suggesting extreme retail pessimism that historically precedes price rebounds. The Federal Reserve's steady interest rates have confined BTC to a $100,000-$110,000 trading range, while on-chain data reveals Binance's declining open interest contrasts with whale wallets' steady accumulation since 2023. Technical analysis shows BTC traded between $102,411 and $106,553 (3.89% swing) with notable resistance near $106,000 and support forming around $103,500, where a late-session V-shaped recovery established a local floor.