ETFs are still accumulating on dips, and on-chain data shows that large holders are also continuing to buy. In the CME futures weekly chart, we see a window at 102000 in January, and last week's low and this week's two dips have verified the reliability of the support, so there's no need for further verification. From the weekly trading volume, it can be seen that this bull market has not yet reached the time for high-level selling, so the chip turnover zone has not yet arrived. On the daily chart, the competition between bulls and bears has been quite fierce, mainly with longs closing at high positions and covering at low positions, along with some short positions intraday. Therefore, I have been reminding not to go short recently. The current sentiment is primarily hesitant, and barring any unexpected events, there is a high possibility of a breakout this week, which could directly breach 110,000 and trigger FOMO sentiment, making it likely that 115,000 will be quickly surpassed, with around 120,000 providing a breather. $BTC #BTC挑战11万大关