BTC has once again entered a market that even dogs would shake their heads at.

This morning, it surged to 105,000 with a lack of volume, simply to trigger stop losses above 104,000 or scare off indecisive short sellers, masking the motive of the main force secretly selling off some chips. In plain terms, it's a capital outflow, and those in the know can verify the authenticity on-chain.

Switching to the monthly settlement chart, there is still a bit of liquidity between 105,000 and 107,000, but none above that.

For those who shorted above 104,000, the contract positions generally show a red exclamation mark, indicating that there are relatively few opposing positions, and there are fewer people going long above 102,000, resulting in a lack of liquidity, hence the double top divergence for Bitcoin on the 1-hour chart.

However, due to the very large liquidity below 100,000, most holders are waiting for Bitcoin to continue rising, firmly refusing to liquidate.

Therefore, the current market of Bitcoin is actually a psychological battle between people; without a large sell-off, this market is one that even dogs would shake their heads at.

On the ETH spot side, in the past couple of days, many have been selling thousands, but the market hasn't experienced a significant drop, proving that the market has entered a highly greedy situation, with everyone shouting: Ethereum, why don't you rally? If you don't rally, how can I make money?

The trading volume is even higher than Bitcoin, and everyone is waiting for Ethereum to rise to 2,800.

As long as Bitcoin's closing price is below 102,200 for more than 4 hours and does not rise above that, the upward momentum will temporarily cease.

Currently, ETH is still extremely greedy; we need to see if it can close above 2,500 on the 4-hour chart and stabilize. If the daily close is below 2,500, the market will continue to test the support below 2,400.

SOL rises quickly and falls quickly as well; if it closes below 172 on the 4-hour chart and fails to rise above that, it will test the support levels of 168 and 161 again.