Recently, Bitcoin is expected to break through 110,000 yuan, mainly driven by multiple favorable factors. First, the Federal Reserve's policy is becoming more accommodative, and the market's expectation of increased liquidity is beneficial for the rise of risk assets. Second, the activity on the Bitcoin network is increasing, with a large number of wallet addresses added, indicating a continuously expanding user base. In addition, as institutional funds continue to flow in, the market's recognition of Bitcoin as a store of value is rising. Technical analysis shows that Bitcoin has solidified an important support level, and market sentiment has turned optimistic. However, investors still need to be wary of short-term correction risks and rationally assess the timing of entry.