From a daily perspective, Bitcoin has been fluctuating and adjusting back and forth between 106500 and 110000 in recent days. Although its MACD has formed a zero upper dead cross, it is far from the zero axis below. Therefore, in the short term, it can repeatedly retrace to the previous low of 106500. As long as it does not fall below, after accumulating momentum and adjusting, BTC is sure to hit the previous high of 112000