The fluctuations of Bitcoin around $112,000 hide a key signal. This position is precisely the pullback point after breaking through the previous high, just like a stable rock you step on while climbing — as long as it doesn’t break down, the foundation for the entire market’s rise remains solid.

Don’t underestimate this pullback; the retracement in a bull market is never the end. It’s more like a cooling-off period for those who chased highs and also provides an entry window for those who missed out. If $112,000 can hold steadily, it means the previous breakout is valid, and the selling pressure has been largely digested; it’s very likely that the momentum will carry it up again.

At this point, positioning in the spot market requires a bit of patience. There’s no need to rush in all at once; focus on this support level: if the price stabilizes nearby and even shows signs of a slight rebound, entering in batches is more prudent. After all, a real bull market does not lack opportunities; what is lacking is the composure to maintain one’s ground amid fluctuations.

Remember, the significance of key levels lies not in precise predictions but in helping you judge the big direction. If it holds, go with the trend; if it doesn’t, it’s not too late to adjust your strategy. In the current situation, rather than guessing the top or bottom, it’s better to focus on this "touchstone" — it will tell you how to press the accelerator for the next wave of the market.