1. Estimated Liquidation Perspective: From the analysis of the estimated liquidation situation, when the price rises to 106,000, it can only trigger a liquidation of 300 million in funds; however, when the price drops to 98,000, the scale of liquidated funds can reach 950 million. The difference between the two is significant. Given the recent sharp short-term increase in the market, a proper correction would be more beneficial for the healthy development of the market.

2. Chip Structure Perspective: From the perspective of chip distribution structure, when the price rises to the range of 105,000 - 106,000, it highly overlaps with the estimated liquidation price, forming a dual pressure level. Looking downward, the integer level of 100,000 was originally difficult to break through at a high level in one go, but from last night to today, the price firmly stands above this level and stabilizes for a long time, turning it into a strong support level. In addition, if hit by negative factors, the range of 97,000 - 98,000 will become solid bottom support, with the price expected to be at least around 98,000 in the short term.