From a daily perspective, Bitcoin has been oscillating between 106500 and 110000 for the past few days. Although its MACD has formed a bearish crossover above zero, it is still far from the lower zero line. Therefore, in the short term, it may only repeatedly test the previous low of 106500. As long as it does not break below that level, after a period of consolidation, BTC will definitely attempt to reach the previous high of 112000 again.