Where is the peak of this BTC bullish trend?
Currently, the highest I can see is around 105,000, expected to reach it in about 3 weeks. Some say 110,000, 135,000, and opinions vary widely. However, the charts do not show anything that high for now. If a top change occurs in 2-3 weeks, I will update this view. One should not be influenced by external factors before reaching that point. Any short-term pullbacks or spikes can basically be judged within the 12-hour level, because if it falls below the 12-hour support (92,750), it will move further away from the 100,000 mark, which contradicts the upward trend from the 5-day to weekly levels.
Holding a trend position requires strong willpower. It has already rebounded more than 23,000 points from 74,666. If you want to hold positions, keep them small and definitely set a stop-loss at 95,000. As long as it falls below here, it won't reach 100,000. The higher it goes, the greater the pressure, so short-term long positions should have good profit-taking and stop-loss strategies.
Since it is predicted that around 105,000 is the 'top', once it reaches above 104,600, one can go short without hesitation. If there is a spike above, you will have caught the high for a short position, and pulling back down can easily yield a range of 12,000-18,000 points. Those who can hold trend positions have strong psychological resilience and can ignore the fluctuations in the process, whether doing short-term or medium-term trading, it depends on personal determination.