The Bitcoin market has recently performed brilliantly, with the current trading price breaking through the 110,000 USD mark, reaching 110,457.4 USDT. This price not only firmly stands above the 7-day and 25-day MA but also far exceeds the 99-day moving average, presenting a typical long positions arrangement, indicating a strong pump momentum.

Currently, Bitcoin is facing a key resistance level at USD 110,555.0. If it can effectively break through this level, it is expected to challenge USD 112,000 or even higher in the future. Notably, the 24-hour trading volume reached 15.596 billion, combined with a 3.23% rise, which shows a healthy volume-price relationship, confirming the sustainability of this upward movement.

For investors, the current market situation is favorable for long positions. Those already holding can consider continuing to hold and adjusting their take-profit and stop-loss levels below the 25-day MA to lock in profits. New entrants may choose to tentatively build positions with small amounts at the current price level, but they need to set a relatively close stop-loss; or wait for the price to confirm a breakthrough of the $110,555 resistance level before following up, and can also choose to enter when the price pulls back to the support levels of the 7-day or 25-day MA.

However, there are also potential risks in the market. If the price repeatedly fails to breach 110,555 USD, it may trigger short-term profit-taking, leading to a pullback. Therefore, investors should remain cautious when chasing highs and closely monitor market trends.

Overall, Bitcoin's current trend is strong, with long positions dominating. However, given the ever-changing market, investors should remain rational and manage risks well to cope with potential market fluctuations.