BTC medium to long cycle judgment: BTC's buying and selling spread has been negative for three consecutive weeks, indicating signs of active selling pressure at high levels CVD continues to decline, selling over 270K BTC cumulatively If the price holds at 116500 and it is believed that the new upward trend will continue, and the volume can exceed 121000, then the target above is around 132000; On the contrary, if it falls below 116500 and is accompanied by the continuous negative expansion of Delta, one should be cautious and adjust back to the 108K-102K region. BTC