Bitcoin is fluctuating around 110500, and in the short term seems to be "taking a breather at a high level," but the bulls have not yet exhausted;

The intraday high surged to 112500, currently reported at 110300, which is a strong consolidation.

The 4-hour moving averages are in a bullish arrangement, with higher lows, and the short-term trend remains intact; the daily MACD golden cross continues, and the momentum bars are expanding (bull market signal), while the 4-hour RSI has retreated from overbought (healthy adjustment), and the daily line is still around 60, indicating room for upward movement.

120000 is the next level, the bullish trend has not stopped, and the focus tonight is on "buying on dips," do not be affected by small pullbacks.

Recommendation: Aggressive traders buy at the current price of 109800, add positions at 109200, with targets of 112500, 113800, and if it breaks through, look for 116200, long-term target 118000! $BTC