From the 4-hour level, BTC's candlestick continues to hit new highs in recent times before experiencing a surge and a pullback. MACD has formed multiple peaks and deviations, indicating repeated washouts. Currently, its MA120 has risen to the 100000 mark, so the range of recent oscillation washouts is between 100000 and 107500. As the duration of the sideways oscillation prolongs, the bottom of its MA120 will rise higher and higher, and the low point of the pullback will gradually rise. After short-term adjustment and accumulation of momentum, BTC will continue to impact the 107500 pressure level