The price of Bitcoin is currently stuck at the second resistance level mentioned in yesterday's daily report. We must go through a round of capital turnover here; only after the short sellers' sell-off is absorbed will the market find new bullish support to continue pushing upwards. If we can strongly break through this position, then reaching a new high will basically be a done deal! Next, we need to closely monitor the situation around the historical high of $112,100; once this level is broken, the market could really take off.

There are still people stubbornly holding onto short positions, waiting for a crash, while they watch the price climb steadily upwards—it's quite a comical scene!

This week, those who are bullish don't even need to rely on fortune-telling; if there’s no solid news from the trade negotiations, no one can accurately predict the market's movements! However, there is a new situation to pay attention to—the impact of the China-U.S. negotiations on the market is now more critical than the CPI data to be released this week. But strangely, whether the confidence of the bulls will be dampened before and after the CPI data is announced is really uncertain; everyone needs to stay on high alert!

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