110K was the peak from half a year ago, even a year ago. Now, it's the bottom of the three-month-long consolidation. Whether the trend can continue depends on whether it can strongly hold around 110K. Currently, it's still fluctuating back and forth. A confirmed breakdown would mean a shift from a weak bull to a mild bear market. A strong breakout, on the other hand, could kick off a major rally. I expect we'll have clarity within 10 days at most. Personally, I lean toward there being another wave—answers will come soon! For this targeted move, I’m more inclined to believe it’s the final shakeout before the major rally. A light position makes it easier to act. If you're worried, you can hold half your position and wait for the trend to become clear before deciding on your next steps. OKX