Technical Key Points Analysis:

BTC:

Bitcoin has reached a new all-time high, breaking above 110,000, peaking at 111,800. The daily chart shows a strong bullish candle. At this historic moment, it's important to remain calm. Besides Bitcoin,

Ethereum and many other altcoins are in a state of confusion. While Bitcoin has hit a new high, Ethereum only reached the 2,600 level, which is half of its historical peak.

Not to mention some other altcoins. Everyone should stay rational at this time; each time a new high is reached, there tends to be a significant pullback that shakes the bulls' sentiment. Therefore, after a new high,

it's essential not to chase at the peak but to patiently wait for a gap to fill before entering.

In the short term, Bitcoin has encountered resistance at the second touch of the high point of 111,800. Moving forward, the Asian and European sessions are expected to primarily show fluctuations and a decline. Generally, significant movements tend to occur after the U.S. stock market opens this week. The support below Bitcoin to watch for is the high point of 108,000 from the previous day's trading, which, if broken, will form a top-bottom conversion.

Strong support below continues to focus on the double-bottom support that formed the day before, located in the low area of 106,000.

Bitcoin suggestion: Look for short positions near 111,500-111,700, targeting 109,000-108,000, with a stop loss at 112,300.

For the downside, consider looking for long positions near 108,000-107,800, targeting 107,000-108,000, with a stop loss at 107,100. #比特币突破11万美元