I woke up at two o'clock this morning after sleeping until last night, and for the first time stayed up all night until dawn. The reason? Well, everyone should have seen it; Bitcoin surged to 109,800 and then pulled back. Although I had anticipated that it would test the previous high, I still found myself organizing my thoughts again involuntarily.

I placed two 0.01 Ant Group short orders at 109,600 and 109,800 to gauge whether it would break the new high, with a stop-loss set at 109,999.9. As it turned out, it did indeed drop, and at the same time, I had a strong subconscious feeling reminding me: this does not count as a reversal, not even a short-term one. To verify, during a short-term decline and consolidation, I bought two 0.01 Ant Group long positions at around 106,500. The next step was just to observe.

I want to reiterate that I will never be so confident as to replace the market in making judgments. After saying this, I'll share my personal thoughts: Bitcoin is infinitely close to the previous high and is very likely to break it. Last night’s volatility seemed not just like a fake drop but more like building momentum. After breaking the new high, it might oscillate for a bit like it has these past few days before continuing to rise; or! It might explode in a surge, while at the same time, the probability and magnitude of a reversal drop will increase due to the subsequent rise, meaning that the higher it breaks, the larger and fiercer the drop will be. Currently, I feel that breaking the high will happen in these few days; early could be today, late could be the weekend.

In terms of levels, I currently feel that around 120,000, give or take 2,000 points, could be a basic step.

Ha, these are just my personal thoughts. I also opened a short-term Ant Group position for reference and verification, but I will never gamble on this possibility being absolutely right. It's enough for me to ensure that my operations do not conflict with this direction. I hope the viewers will feel the same. As for those who disagree, that's perfectly normal; in reality, the possibility of being wrong in the market is not surprising. Just refrain from making ambiguous statements. After all, I’m not insisting that you accept this, right?