A simple summary of the end of the bullish trend for BTC: as long as the daily MACD is about to cross bearish, we cannot consider bullish positions. Why can we still be bullish with BTC at such a high price of 120,000? It depends on its daily golden cross, the upward opening of the fast and slow lines, and the strength of the weekly and monthly lines, especially since the upward momentum at the monthly level is on the rise. Therefore, a significant correction is still far away. In the future, only when it breaks below the EMA30 at 113,350 or the 3-day Bollinger middle line at 113,150 will the trend gradually turn bearish. As long as it does not drop below these levels, BTC spot purchased since 2022 can be held without selling. The maximum limit is to clear out the tail position when it drops below 105,000.