Due to concerns in the market triggered by the U.S. tax reform proposal, combined with the escalation of the situation in the Middle East, the demand for safe-haven assets has surged. Bitcoin has once again set a new historical high, standing above 110,000.

Never compete with the market crowd; when you notice that the short sellers dominate, that's the time to buy or go flat and wait for a long position, never think that the price is too high.

Yesterday, the target was fully reached at 108,000-109,300-109,800. After the live broadcast of the U.S. stock market opening ended, the price of the coin was around 109,400. Timely updates indicated that breaking through 109,800 will surely lead to a new high, looking at 111,000-112,000.

Recently, we have seen bullish engulfing patterns and top formations, indicating potential pullback and reversal signals. The Bollinger Bands price has broken upwards above the upper band, currently indicating strong upward momentum.

Today's strategy is to long BTC at 107,365, with a stop-loss of 800 points, and a target of 112,000, aiming for a break to see 112,800-113,800.