Coin World News reported that on July 9 (UTC+8), trader Eugene stated in his personal channel that $110,000 is still the ultimate resistance level for the bulls, and a breakout direction is expected this week. The outcome is usually binary: if there is a downward breakout, it will quickly drop to $100,000; if there is an upward breakout, I believe it will reach a new high of $120,000 before entering consolidation. In any case, it will be an exciting week.