From 4:30 pm yesterday to 5:30 am this morning, Bitcoin has been continuously breaking through the 110000 mark for 13 hours without stopping. It seems like everything is good for a while, let's sort it out. 1. Continuing the rebound of the US stock market last Friday, all three major stock indexes rebounded to new highs after the tariff war 2. The relationship between Chuanma and the two largest supporters of encryption has eased Progress has been made in the London talks between China and the United States 4. The first stablecoin stock Circle continues to reach a new high, triggering FOMO sentiment in the US cryptocurrency market 5. The three major negatively correlated indices of US Treasury, US dollar, and gold are all declining At this critical moment, it may not be wise to call short and go short, as we are only 2000 points away from our previous high. Is that just a matter of the stars and the sea? Actually, it's not necessarily the case. The trend of the big pie has always been relatively regular and is greatly influenced by the US stock market. If the US stock market hasn't reached a new high, there's no need for the big pie to break through so early. Or even if it breaks through the previous height, it will still be slightly higher like 111980, and it is highly unlikely that a direct charge of 12w, 13w, and 15w will occur. From a structural perspective, it is still just a continuation of the rebound of the right shoulder.