First, let's state the conclusion:

① If today we cannot break through and hold the 118400 line, then we should just accept a decline. If we can achieve that, we will look up to the 120500 line.

② If today, instead of rising, we fall and effectively break below 116500, we will look down to the range [115200-115700]. This should hold for a while. If it cannot hold, then we open up space for further declines.

③ Can we still rise? Theoretically, it will be quite difficult to continue rising to new highs from here. The first requirement is to break through and hold the 119800 line. Note that just breaking through is not enough; we must also hold above this price for at least 2 consecutive days.

④ Will prices fall significantly this month? The decline will be very limited. There is strong support at the 112000 line. So for now, we do not consider a major drop. Unless the consolidation period is long enough, we cannot rule out the suspicion of the main force unloading at high positions. We will discuss that when the time comes. #稳定币监管风暴 #Strategy增持比特币 #加密立法新纪元