Your analysis is a pile of crap, the volume of the stock is just for you to see this retail investor.

Originally, there wasn't much time to write a market analysis today, but since we created an ATH (All-Time High), I will briefly share my thoughts and views.

From a purely technical indicator perspective, last night's surge was the strongest in recent days, but if we look at the three surges since 98,000, you'll notice a few points.

1. Each increase is weaker than the last.
2. Insufficient volume; yesterday's short squeeze method of rising will inevitably lead to a large number of short positions being liquidated/stopped out after breaking ATH. However, under these circumstances, the volume was surprisingly only a few hundred thousand big coins, even less than the volume on July 2 (compared to January 20 and last December's pin bar, the volume then was three times that of now).
These two points indicate that the current market lacks depth, so a relatively small volume can cause fluctuations, which also suggests that the current market is completely controlled by the main players.

3. Contract prices are higher than spot prices.
4. The fee, after a long time without dropping to 0.01%, has once again risen to 0.01% this morning.
These two points indicate that as of this morning, the liquidation against short positions has been completed.

From a fundamental perspective, in terms of sentiment, the current U.S. stock market is in a state of extreme greed. The dynamic P/E ratio of the Nasdaq 100 at 24.7 corresponds to the historical 70th percentile, which is also relatively high.

Although in the late stages of the economic cycle, U.S. stock valuations tend to overshoot, especially in situations where negative inflation trends emerge outside the U.S. But in the short term, the likelihood of a market decline is far greater than that of a significant rise.
Apart from the overvaluation, the impact of tariff policies will also start to show in July, as goods subject to 30% higher tariffs will arrive at U.S. ports in early July and start entering stores during the back-to-school season at the end of July.
The rebound of small-cap stocks is also not a good signal; the Russell 2000 index recently reestablished itself above the daily EMA 200. The Russell 2000 rose by 1.04% yesterday, slightly surpassing the Nasdaq. This essentially means that even the imitation stocks are catching up.
NDR statistics show that the average lifecycle of a long-term bull market is 1,105 days. This bull market started on October 12, 2022, and is approaching this number. Additionally, the current dividend yield of the S&P 500 is only about 20 basis points away from its lowest point. The last time this occurred was during the Internet bubble in 2000.
Currently, any short-term view of the U.S. stock market shows a significant risk of correction.

Finally, if you also believe the bull market will peak in Q4, then the current increase must be limited.