Don't easily guess the peak, nor easily chase the rise! (5.23)

Good evening everyone, I am Chen Changsheng. The weekend is approaching, it's time to harvest wheat and boast. Friday is also the easiest day to stir things up. Bitcoin has broken through a new high, reaching around 112,000. I can't determine whether this position is the peak, but the overall trend is to pull back and continue to rise. Of course, if this position undergoes several days of consolidation without breaking through, it can be considered a short-term peak, and we can try to short it. This wave of spot can wait a bit longer. Altcoins have basically not followed the rise; compared to last year's prices, some haven't even reached halfway up the mountain. Even SOL hasn't stood above the 200 mark yet. Bitcoin won't drop or consolidate, and funds won't flow into altcoins significantly. Ethereum's short-term resistance levels are 2770 and around 2860. You can try to short near these levels; it’s impossible not to pull back after a rise of 40,000 points, isn't that nonsense? Of course, the sentiment has become a bit hawkish lately. The market makers won’t crash the market quickly; it's hard-earned to push it this high. They won't easily crash it without leveraging retail investors to keep pushing and trick everyone into taking the bait. Moreover, Bitcoin can't even break 110,000 for a pullback in the short term, so don't be too eager to short. Let it consolidate and move a bit. It’s not too late to short when the daily chart gives a signal. At most, this wave will pull back a bit before continuing to rise. If we don't annoy retail investors to the extreme, it won't be called a market maker. Bitcoin can be longed near 106,000-106,800 during the pullback. Holding at this level to break new highs again is also fine. It should still rise for another week, so everyone be patient. If you want to eat, eat big. Control your hands, watch more, and act less!