$BTC has recently engaged in fierce competition around the 110,000 point mark. Observing the market, there have been multiple attempts to breach the 110,000 point threshold, but each time it approaches this area, it encounters significant resistance. This indicates that the bullish momentum in the market remains insufficient. The frequent occurrence of high-to-low fluctuations on the intraday chart reflects a cautious sentiment at this important juncture, with no chasing of high prices at elevated levels.