BTC is approaching the expected resistance level of 116,000. The support levels of 107,000 and 102,000 mentioned last week have not been utilized.

Some have asked about the subsequent plan. Under the background of a significant drop and consolidation, the probability of directly breaking through 120,000 and entering a main upward wave is low. It is more likely to remain in consolidation, but 116,000 may break through, with the peak possibly between 116,000 and 120,000.

This year's market is strange, having seen multiple instances of sudden surges without warning. This time may also be abnormal, but I will remain cautious before breaking 120,000 and will sell more as it rises.

There are many people shouting bull and breakthrough now, which may be the same group that previously called for 98,000. I think the probability of a direct break is low, and it is more likely to retreat after nearing resistance.