Bitcoin currently has no potential for decline; the bears have already exhausted the spot chips below 110,000. The main force has completely secured the supply, and all the spot chips are in the hands of the bulls. There is no selling pressure above, so the main force can easily push the price up. Additionally, there are a large number of short contracts accumulating above, and the main force can spend a small amount of money to trigger short contracts, easily gaining dozens of times in returns. The only possibility for Bitcoin to decline is if a large number of retail investors switch from long to short and take the spot chips into the hands of the main force. However, most retail investors are currently bearish. By the time retail investors start to turn bullish, Bitcoin will have already been pushed to 120,000.