$BTC Yesterday, BTC reached a historical high and has been strongly fluctuating above that level. This morning, ETH and Sol surged again, with ETH approaching its recent high and Sol refreshing its recent peak. This movement can be considered as a catch-up rally for ETH and Sol, which aligns with the second classification mentioned yesterday.

Currently, BTC is maintaining a slight consolidation between 110,000 and 112,000, with a fluctuation of 2,000 points, which cannot restrain the current big pie. The following three classifications are possible: 1. Maintain this 2,000 point horizontal consolidation; 2. Surge again, and after breaking 112,000, reach a short-term peak; 3. Directly drop below 110,000. Among these three classifications, I personally believe the first classification is less likely; as previously mentioned, the 2,000 point fluctuation cannot restrain the current big pie.

Of course, besides these three, there is also the possibility of breaking 112,000 without reaching a peak, continuing to surge. However, I think this possibility is also very small. Currently, the greatest likelihood lies in the second and third classifications, especially the third one, because the 4-hour MACD has already started to decline. If it breaks below 110,000 and fails to rebound to 110,200, it will confirm a high-level horizontal reversal. At that point, along with a dead cross in the 4-hour MACD, the area around 112,000 would be considered a short-term peak, and throughout the week, it would continue to consolidate or oscillate downward.

Therefore, we will wait for either a break of 112,000, looking for the MACD divergence signals on the 1-hour and 30-minute charts, or signals after breaking below 110,000. As for the rest, we will remain on standby.