#BTC has recently broken through resistance, firmly standing at $116,618, and is now elegantly consolidating. This movement resembles the pace before the rise to $100,000 by the end of 2024.

Currently, bulls and bears are battling at the resistance level of $115,500, while the 'market protectors' are on standby near $112,000 and $108,500, supporting the floor.

More importantly: on-chain data shows that 70% of short-term holders are still in profit! What does this indicate? It indicates that everyone is still holding on tightly, with strong confidence.

After this consolidation, will there be another wave of aggressive upward movement?