BTC is once again showing a continuous upward trend on the daily chart, but it quickly retreated at the key level, which is the most normal market data correction posture. Currently, the pressure points above are constantly refreshing the break points, and we can see whether the previous high of 108500 can be effectively broken. Once this key point stabilizes, it will not be difficult for the price to reach the 110,000 mark. In the four-hour structure, a large V-shaped reversal has again emerged. After being blocked at the bottom, the price has been oscillating upward and broke through the upper band, forming a double top structure with the previous high point. However, after reaching the upper band, the price action has also shown a retracement, but the strength has not provided a significant continuation. In the short term, we are still looking at the situation of breaking the high point of the range. If the trading range structure does not break, the market will continue the current oscillation.