$BTC Early Market Review After a period of consolidation and preparing for a breakout, the market experienced a strong breakthrough during the morning session. Bitcoin took the lead, with its price climbing to around the high point of 117500; Ethereum also strengthened simultaneously, reaching the key resistance level of 3010, demonstrating a strong upward momentum.

From the market analysis perspective, the price surged with an astonishing daily increase of 7000 points, breaking through historical highs. However, the more such a breakthrough occurs, the more one needs to maintain a clear mind. From a technical standpoint, the current price has far exceeded the upper Bollinger Band, the RSI indicator has remained in the overbought area, and the MACD histogram shows signs of a top divergence, all warning that the risk of a pullback is accumulating. Any one-sided bullish trend is difficult to sustain, and the market will eventually return to rationality. Especially after breaking through key resistance levels, there is often a need for profit-taking adjustments. It is recommended to adopt a prudent strategy of taking profits, securing some gains. For traders who have not yet entered the market, chasing highs at this moment presents a disadvantageous risk-reward ratio; it may be wise to patiently wait for a better entry opportunity.

Bitcoin: Short near 116000-116500 with a short-term target of 113000.

Ethereum: Short near 2960 with a short-term target of 2850.