As of May 15, 2025 (Thursday), the real-time price of Bitcoin (BTC) fluctuates between $102,000 and $103,800, with slight variations due to differences in statistical time or platform among different data sources. Below is a detailed analysis based on information from multiple platforms:

1. Current Price Dynamics
- Main platform quotation:
- Most platforms show the Bitcoin price between 102,999 USD and 103,781 USD, with a fluctuation of approximately 0.6%-1.4% in the last 24 hours, and an increase of about 5%-7% over the past week.
- In terms of trading volume, the 24-hour transaction amount is approximately 27 billion to 44 billion USD, with market activity contracting compared to the previous day.

2. Key Support and Resistance Levels
- Support range: $101,900-$102,500 (4-hour EMA60 moving average), if it falls below, it may test the psychological level of $100,000.
- Resistance range: $104,000-$105,000 (previous high dense area), breaking through may open up upward space to $106,000.

3. Market Influencing Factors
- Technical signals:
- The daily KDJ has formed a dead cross at a high level, and the RSI has fallen to 58, indicating a short-term pullback demand; the 4-hour MACD green bars are expanding, with bearish momentum prevailing.
- Fundamental driven:
- The expectation of Federal Reserve policy and risk aversion ahead of the CPI data release suppress short-term performance, with some funds shifting towards assets like gold.
- On-chain activity has cooled down (transfer volume decreased by 12% in 24 hours), indicating signs of speculative funds exiting.

4. Risk Warning
- Policy Risk: The upcoming cryptocurrency regulatory framework from the U.S. Treasury may trigger short-term selling pressure.
- Data events: Pay attention to the evening US retail sales month-on-month rate and the impact of the Ethereum ETF hearing results on market sentiment.

Summary
Bitcoin is currently in a fluctuation consolidation phase, and the short-term direction needs to observe the breakthrough situation of the support at $101,900 and the resistance at $104,000. In the medium to long term, it is still driven by institutional entry and policy support, but high volatility risks should be noted.