BTC 112000 is the starting point for the strong breakthrough at the beginning of July, aiming for the 120000-130000 high. This position, while not absolutely solid, is still formidable. As long as it doesn't effectively break down, this is the strongest support in the short term. A few days ago, I emphasized that 113300-112000 is the first strong resistance above 110000. As long as 110000 is not broken, this is the short-term bottom, so try not to chase short positions; if you do go short, you must take profits and set stop losses nearby. I also mentioned that 111850, 111666, and 111400 are all potential points that could be reached if 112000 is temporarily broken. As soon as these points are reached, directly go long, with 110000 as a defensive position for reducing holdings, because once it breaks, it will quickly rebound above 111400. You need to do the math: if it doesn't strongly break down but instead stops falling and rebounds, the upper space is 10000-20000 points. You risk a potential loss of just over 1000 points to gain a rebound space of 10000-20000 points; this is a very high cost-performance ratio. At the same time, the current market logic suggests that after the interest rate cut, a certain degree of downward movement is needed to wash out a batch of weak hands before the upward pull, and there won't be a deep adjustment. Many people are looking for a crash to 100000, 90000, 80000, or even down to 60000-40000, which is overly subjective. To put it bluntly: you are blindly watching the market and speculating recklessly on the trend.