$BTC is currently significantly stagnating at a high level. From the trend rhythm, even if there is another surge later, the upper limit might only be around 140,000. By that time, I will definitely look for a good point to heavily short, for a simple reason—prices are too high.

The strong support level for this round of correction is around 110,000, and the washout will most likely only reach this position. Next, the key is to observe the performance around 110,000. If it can quickly rebound and continue upward, the market can still extend; but if it remains in sideways fluctuation and struggles to rise, then problems may arise.