The current market sentiment is akin to the panic experienced on April 7 when Bitcoin was at a low of 74,500, transforming into today's greedy bullish outlook.

Every anticipated outcome has turned out contrary to expectations. In this round of Bitcoin's rise, the greed index has only climbed to a high of 73, far from the astonishing level of 94 during Trump's presidency; in comparison, 73 is unlikely to sustain further increases.

The recommendation to hold short positions at 103,899 remains, with an initial target of 100,000. If 100,000 is broken, the target for May will be 90,000. This round of Bitcoin's rise may reach a peak of 108,000.