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The recent price of Bitcoin has experienced a strong surge, reaching a new high of 112,000 before starting to consolidate. The current price is around 111,200, and the upward momentum has shown some signs of weakening. The Bollinger Bands indicate that the price is operating near the upper band, with the market being strong but already entering a consolidation area. In the short term, the bullish trend in the market still dominates, but the reversal signals formed by the top divergence and double tops need to be closely monitored. We are currently at a critical market juncture. Although the short-term bullish trend remains, the risk of a pullback cannot be ignored. At the same time, the continuity of the oscillation near the upper Bollinger Band is crucial in the short term. If the price cannot effectively break through the high of 112,000 subsequently, a pullback may occur to seek support near the middle band at 110,200.