Bitcoin is approaching the triangle oscillation top at 109,000—near the previous high of 110,000! My view on Bitcoin is that even if the market ends, it will still break the previous high, reaching around 112,000 or 113,000!

However, at this position for Bitcoin, it is clear that large holders have sold off in three waves at the previous three highs!

Now, most remaining holders are either retail investors or super long-term holders who have not considered their cost for many years! Bitcoin is in a high-level triangular oscillation, without a strong breakout, retail investors can only participate in segments, constantly fearing large fluctuations, which messes with their mindset (from March to October last year)! My suggestion remains to reduce positions in batches, selling some at one high point and some at another high point, selling all the way down from 98,000 while setting a stop loss to ensure capital preservation, only in this way can we control risk! I have been talking about the 106,800 position for a long time, and I've been mentioning this number consistently over the past month! Similar to Ethereum, 106,800 (65)-105,600 is the boundary for bullish and bearish strength in a triangular oscillation. Bitcoin currently maintains above 106,500, which is a strong area, a top triangle. Whether it can continue to hold depends on the cost!

Over the weekend and next week, observe the support zone at 106,500-105,600. If it stays above this, it could reach around 109,000-110,000-113,000! If it can't hold, it might drop to 103,000-101,000 or 102,000! Even if it retraces, I still believe Bitcoin will have a breakout near the previous high at 113,000, and only then will it end!

The method of operation remains the same: do not wait for that exact previous high. The high-level oscillation is chaotic; just selling in batches and continuously setting stop losses for capital preservation is the best operational method!