The price of Bitcoin encountered strong resistance at $116,000, and long positions may have to wait until Wednesday's Federal Reserve interest rate decision and the mid-week China-U.S. trade summit are resolved before breaking through. The market shows a clear "ping pong" trend, with a major trend of rise and pullback, while retail investors are buying the dips in the spot market, but are continuously being liquidated in the futures market. It's a bit of a struggle.