#BTC能否冲上11万？ Bitcoin roller coaster, will this wave hit the historical high of 110,000?

The current price of Bitcoin and market fluctuations
Bitcoin surged past $107,000 on May 19, reaching a new high in nearly five months, but quickly retraced to around $102,000, a drop of $5,000. As of May 20, the price rebounded to the range of $106,000-$107,000, with the decline narrowing to 0.44%.
Liquidation data: In the past 24 hours, a total of 140,000 people have been liquidated globally, with a total amount reaching 600 million USD, of which long position liquidations accounted for 370 million USD and short position liquidations accounted for 230 million USD, indicating an intensified risk of high leverage trading.
Key driving factor policy benefits: The White House announced a $5 billion allocation to increase holdings of Bitcoin and other cryptocurrencies, reinforcing its positioning as a strategic reserve asset, directly boosting market sentiment and institutional capital inflow.
Macroeconomic environment: The US credit rating was downgraded to Aa1 by Moody's, and the expanding fiscal deficit along with rising inflation expectations (annual inflation expected to be 3.0-3.5%) weaken confidence in the dollar, prompting funds to flow into Bitcoin as a safe-haven asset.
Technical breakthrough: Bitcoin has broken through the psychological barrier of 100,000 dollars, and the next resistance level is near the historical high point of 110,000 dollars. Yesterday, on Monday, Bitcoin experienced a roller coaster-like fluctuation from morning to night, with a back-and-forth price movement of 5,000 dollars, which was very exciting. From the current trend, it is highly likely to hit a new high, and 107,100 is probably not sustainable. Of course, every time a new high is reached, it will also be accompanied by a significant pullback, which presents an opportunity for short positions.