From a specific period observation, BTC has repeatedly tested below the historical high of $110,000. Despite multiple refreshes of the high point, coming infinitely close to the $110,000 mark, the subsequent pullback trend has also released considerable price retracement space. From this perspective, there is a possibility in the current market to create a false breakout to lure buyers.

Currently, the market is very likely to enter a wide-ranging fluctuation phase on a 4-hour cycle. In this pattern, $110,000 has become a significant resistance level, while $100,000 has established a key support line. These two price ranges have already become the core battleground for both bulls and bears to determine the direction of the market. It is worth noting that, according to the trends reflected in the liquidation map data, there is a potential risk of falling below the $100,000 mark. Therefore, investors who hold a mindset of 'chasing highs and betting on rises' must closely monitor the market dynamics and remain highly cautious.