BTC has been on the rise since April of this year. It took only one month to return to its original point, and in May it broke new highs. This is intentional by the capital. In the short term, 106,000 is a significant resistance. The weekly chart hasn't deteriorated yet, but the daily chart shows a double top, so risk control is necessary.

Where are the pitfalls? First: From last year's surge to 110,000, forming a double top, it started to correct for more than two months and dropped by 30%. Remember this correction period? Many people got liquidated during this wave, saying they would withdraw their investments and stop playing. In the end, they still couldn't withstand the pressure and were forced out below 80,000.

Second: The big coin quickly rose to 110,000 this month, breaking new highs. Many people weren't buying at 70,000 but were chasing high at 100,000. Retail investors don't have that much professional insight; they only look at price fluctuations and make trades. Therefore, there are very few chips at 70,000 to 80,000; most are expensive chips that were bought high, all waiting for the new high surge, aiming for 130,000 to 150,000.

Third: Do you know how much capital the big players have? They have already built their positions at 70,000 to 80,000. At 110,000 to 120,000, it's the point for them to gradually sell off. Now that this position has broken new highs but hasn't risen for a long time, isn't it just nurturing the bulls and facilitating turnover? If you keep waiting for a surge, you're just at risk of being stuck.