Stimulated by a wave of news in the early morning, Bitcoin continues to exert force, breaking the previous high and rising to 112,000 before facing pressure and retreating. In the short term, there may be slight adjustments. Looking at the market, the bottom level and previous highs are gradually moving upwards in sync. The movement resembles a step-by-step approach, and as long as the short-term support is not broken, further upward movement is expected. In the short term, we still treat it with caution, and adjustments will be made later in the evening based on the data.

Around 110,000 is a point of caution, with a focus on 112,000-125,000.