$BTC reached a new high, as I mentioned on July 5th, at this point I don't dare to short anymore, personally I tend to believe it will break upwards, this isn't just hindsight, right? Of course, many trolls don't think so; when your judgment is correct, they'll say it's just good luck, and when you're wrong, they'll say your level is garbage. When you make the right judgment in your own community, they'll ask why you didn't post it earlier for everyone to verify? If you recommend a copycat that goes up, they'll say anyone could have bought it last night for that kind of increase, then why didn't you tell others to buy it last night? But it doesn't matter, there are trolls arguing everywhere, especially in the crypto space where people who lose money need to vent their emotions; you argue your point, it doesn't affect my mindset at all.

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.