Bitcoin has risen rapidly in the past few days, breaking through important hurdles one after another, and just when everyone thought it was going to continue its upward sprint, the price stalled at the level of 112,000. Judging from the current trend, Bitcoin has indeed opened a new round of pullback, and the key support level below is at 110,000, if there is a stop signal at this position, such as the K-line closing out of the long lower shadow, the appearance of a doji, etc., you can go long on the backhand. However, according to the current situation, bitcoin is likely to remain in the range of 110,000 - 112,000 today.