BTC operation outlook on July 10

BTC hit a new historical high of 112000 in the early morning, then retraced to the 110600 area and began to oscillate. It is evident that the bearish selling pressure has not been able to suppress the bullish sentiment. If it can consolidate and stabilize above 110000, the probability of further upward movement will increase.
However, it is important to note that although BTC has reached new highs, without continuous capital injection or stimulation from major positive news, one should be wary of the deep correction risk brought by the withdrawal of pump funds.