It has dropped a bit, what do you think?

Yesterday, mainstream media everywhere reported that #BTC broke through 120,000, attracting quite a few new investors. After a wave of short sellers were liquidated, the funding rate and the spot-futures price difference both increased significantly, and the market seemed to blindly chase higher prices, giving the main players an opportunity to lower prices and start a correction.

This doesn't really affect spot and medium to long-term players; there's still a long way to the top, and it will only make those who chased after buying long positions yesterday uncomfortable.

In the short term, as long as it doesn't drop below 106,600, the correction will be relatively shallow, and it will oscillate sideways; if it drops below, the correction will be deeper, but it won't truly break below the daily EMA20 moving average.