BTC fell back continuously after reaching around 117300 the day before yesterday, and dipped to around 110500 low this early morning. I have clearly emphasized the need to focus on the breakout situation above 117300, and subsequently, the market indeed struggled and fell back, failing to form an effective breakout, resulting in a pullback of nearly 7000 points, precisely reaching the support area I had repeatedly pointed out—around 110500. Currently, from the market data, short positions still hold a dominant advantage, and the subsequent focus should be on the breakout below the 110000 level.