Bitcoin has surged over 5000 points in one day, is this going to break the new high? Currently, this trend should have another opportunity to push up a bit during the day, touching the new high area before starting to pull back.

Currently, the resistance levels above Bitcoin are 110700, 111300, 112000, and the support levels below are 109000, 108500, 108000, 107000.

However, the recent surge in Bitcoin during the early morning should be driven by news, and once it pulls back, it will also be relatively quick. Currently, with the price at this level, it is not very good to operate long positions, and during the day, if it touches a historical high point, one can consider entering a short position, with a stop loss set 1000 points above and aiming to take profits down to 108000-107000.