110,000 can be seen as a 'psychological threshold' for Bitcoin. The price fluctuates repeatedly here, which is actually a way of 'grinding', stirring up market sentiment until it's nearly exhausted. Only when a real breakthrough occurs does it truly break everyone's expectations.

Just like last year, although Bitcoin rose all the way up, it wasn't until it broke through the 100,000 mark that it ushered in a wave of insane surges.

At this stage, people are actually hesitant to short easily. From a technical chart perspective, two key trend lines are forming a 'golden cross' (crossing upwards), and based on past trends, whenever this signal appears, it often leads to a considerable upward trend.

Especially if a confirmed 'upward crossover' appears on the daily chart, it is very likely to be a starting point for a new trend.

So I plan to observe closely this weekend to see if I can find a suitable position to go long. For now, I will continue to hold my spot positions and not make any moves.