In the early morning, Bitcoin broke through its historical high, standing at the 113,000 mark, and then continued its upward trend, peaking at 117,500 before the uptrend slowed. I set up a short position in the early morning, hoping to take advantage of a pullback for a short-term trade, but I got stopped out; fortunately, I had set a stop loss. In this market, one cannot hold onto short positions at all!

Looking at the four-hour chart, it has seen three consecutive bullish candles. Although the upper shadow is long, the bullish candles have strong bodies. The market will not keep rising or falling; one needs to assess the strength of the pullback to judge the subsequent direction. Friends who cannot hold large positions may try to quickly enter and exit within the range!

Operation suggestions:

Bitcoin: Lightly short between 106,000-106,500, targeting around 113,000.

Ethereum: Short near 2,960, targeting around 2,800.