Recently, Bitcoin is expected to challenge the 110,000 yuan mark, driven by multiple factors. First, the increase in global economic uncertainty has led investors to seek safe-haven assets, and Bitcoin, as 'digital gold', has become highly favored. Secondly, the gradual approval of Bitcoin ETFs has attracted institutional funds into the market, resulting in strong buying demand. Additionally, Bitcoin is about to enter a halving cycle, with expectations of reduced supply boosting market sentiment. Technically, it has recently broken through key resistance levels, with bullish sentiment dominating the market. However, caution is advised as the market is highly volatile; it is recommended to maintain a rational perspective and implement adequate risk control.