This round, the peak of 110,000 has ended, or rather, the high point is at 110,000. The 120,000-150,000-200,000 you wanted cannot be reached at this stage, but don't be sad, there should still be opportunities in the next stage. In the past two days, I haven't dared to drive, as Israel and Iran are at war, which has directly driven up oil prices. At the same time, the long-range ground missile launched by Israel yesterday flew 3,000 km and accurately struck Iranian nuclear experts and financiers vacationing far away in Binance country, including Mohammed Abu Dhabi and Duzi. It is said that the explosion completely destroyed luxury houses worth 500 million USD, cash, and gold, while the shockwave from the explosion injured hundreds of thousands of residents in the surrounding area. The entire Binance country is filled with cries, and blood flows like a river. Many people lost everything overnight. Currently, based on Israel's declaration of war, Iran is likely to retaliate in the coming period. This wave of Middle Eastern crisis is unlikely to end in a short time. The United States has also deployed warships to participate, assisting Israel in establishing an air defense system to intercept Iranian missiles. The recent international financial environment cannot be so stable, but it is beneficial for gold. However, the safe-haven value of BTC has not been evident since the outbreak of this war. The national reserve plan is a joke. I've heard that in the past two years, the Eastern country has accumulated a large amount of gold, and it has also benefited this time. Currently, from the daily chart perspective, the moving averages have confirmed a death cross, indicating a confirmed pullback. The MACD has a death cross pointing downwards, with a continued pullback trend, suggesting opening a short position on the rebound. Yesterday, from the K-line pattern, there was capital entering to support the market. The probability of a crash in the next two days is relatively small. It should be in a volatile market. The upper pressure is around 106,800, and the lower support is around 100,000. On the four-hour chart, it is suggested to open a short position near 106,800, with a stop loss near 107,500 and a take profit near 104,000. A pullback can still be traded on the short-term, but it should be a quick in-and-out without getting too involved. From the three-day chart perspective, the top of 110,000 has been established, the MACD has a death cross, and the mid-to-long-term is in a pullback, suggesting primarily opening short positions on rebounds. If you are worried, you can also choose to give up on going long and only trade on rebounds to open short positions. Currently, the large cycle has just begun to pull back, and BTC will definitely break below 100,000 in the future; spot players should continue to wait patiently. The speculators' extreme rises and falls are not necessarily due to news; the news is merely an excuse for the speculators to conceal their own intentions and harvest the retail investors. If there is no news, they will create news. It's insidious.