Is Bitcoin nearing its peak? I'll buy here! Bitcoin has now completely broken through the $113,500 resistance level and is expected to continue rising to around $117,000-$117,800. Of course, it won't rise in a straight line. Bitcoin has been experiencing ups and downs, so it's not that strong. I'll definitely short it if it reaches the target. The rebound from the $107,000 bottom to $117,000 has been a difficult climb. Today, BTC has reached $116,300, very close to the target. I'm curious to see if it can rise further. After all, there are still a few days before the interest rate cut, and this may be the last chance. If it hasn't reached that level by the time the rate cut arrives, I'll probably short it at a low multiple. I think the probability of the positive impact of the rate cut being exhausted is quite high. Then yesterday we talked about my bullish outlook on CPI, and I said that it might spike up and lead everyone to go long. As shown in the picture, BTC really spiked down to above 113,300. We went long from the lowest point and went up. It can be seen how important it is to make the right judgment. If it goes against the trend, there may be no recovery. Data and foresight are very critical!