$BTC Today, this structure in the morning session is very critical. It is well known that yesterday Bitcoin experienced its first pullback, which was very slight, dropping from 105800 to 100700, roughly a pullback of 5000 points. This magnitude is clearly insufficient to be considered a formal pullback. ⚠️ From a technical perspective, this small drop of 5000 points should be regarded as a prelude to the subsequent major market movements. Currently, both a significant rise and a significant drop are possible. If it follows the pattern in Figure 1, it can be understood as a continuation during the upward process. If it follows the trend in Figure 2, it indicates a sharp drop after Bitcoin's surge to 110,000, which can also be understood as a narrow range at a high point before the sharp drop. Therefore, both major trends currently have sufficient market evidence to support them, and there is no obvious overwhelming evidence for either bulls or bears.