Let's take a look at Bitcoin. After reaching the 110,000 position, it started to weaken again. It is still within a controllable range; as long as Bitcoin does not drop below 108,000, the upward trend remains possible.
Currently, from an hourly perspective, Bitcoin is experiencing a high-level consolidation. In the short term, pay attention to whether Bitcoin will break below the 108,500 position. Bitcoin has just touched 110,000, and there are still many people bullish. There is a possibility for Bitcoin to reach a new high if the momentum is strong, but if it continues to oscillate, the bullish momentum may exhaust, and a decline will likely become the dominant trend ahead.