【Last Warning⚠️】Do not short (except for swing trading), there will be further highs, 110,000 is bound to be broken, currently I see 120,000, and there are no conditions for shorting at the moment, only some news factors. However, the chip structure shows that institutions have been buying in frenzy, with no signs of stopping. Everyone is fantasizing that the ideal model will definitely pull back, and many people are shouting for it, but this rise is not fundamentally contributed by bulls or bears! No pullback! No pullback! No pullback! Do not short! There has not been a turnover yet! The chips are still in the hands of large holders and they are increasing their positions daily. A new FOMO will emerge when we reach 110,000, and it will be particularly massive. Do not go against the cycle, do not look at liquidation data, global M2 liquidity continues to rise and will really not stop due to liquidations or squeezes, nor can they compare! (Image 1) In the long term, the monthly chart's wave pattern will have a major pullback next year at 6.1-6.9, with a price range of 10-20% to enter, which will also be the last opportunity to buy low BTC for at least the next 10 years (Image 2). It can also be seen that the massive accumulation of coins has already been completed during the big bear market, which was around the time ETFs started, and it means that since then, the crypto space has not been suitable for ordinary people, especially newcomers; while those who entered early and have survived to now can only seek survival through low-risk methods such as KOL promotions. Their past experiences are no longer applicable in this new battlefield. $BTC