After BTC broke 110,000, can the 107K short position hold on? Latest key points on Bitcoin revealed!

BTC has surged past 110,000 to reach a historical high, but short sellers shouldn't rush to exit! From a technical perspective, among the recent 5 short-term pullbacks, only one truly impacted the trend line, with the key point at the price level of 111,880.

If Bitcoin fails to rebound above this point, it may drop back to the 107K-108K range, providing a chance for short sellers to exit; however, as long as it breaks through 111,880, the bullish trend continues, and buying at lower levels is the way to go.

In summary: This market trend hinges on 111,880. Holding above it means a continuation of the bull market, while dropping below it means securing stops around 107K. Don’t blindly chase highs; rational positioning is key!