The current market sentiment is similar to the atmosphere on April 7 when Bitcoin was at the low of 74,500. The market is filled with a sense of panic, and everyone is looking at 70,000. Today, greed is rampant, and the general expectation is for a new high.

Every anticipated outcome seems to backfire. In this round of Bitcoin's rise, the greed index has climbed to a high of 73; during Trump's presidency, the index reached an astonishing level of 94. In comparison, 73 is difficult to sustain.

Continue to hold the short position at 104,300, first look for 101,000 to break 100,000, with the May target directly aimed at 80,000. The rise may reach a maximum of 109,000.