Analyze BTC, which has now broken its historical high for two consecutive days. I previously mentioned that once it breaks the historical high, market sentiment will improve again, and ETH along with altcoins will also surge. However, the subsequent rise of BTC will become less significant and will be weaker than ETH, as the continuous breaking of new highs leads to selling pressure exceeding demand, unless there is a significant drop, which would create value for buying.
Of course, BTC has not yet peaked; in the short term, it will at least break new highs again. The next target might be 120,000. Previously, you didn't care about BTC, but now it's already beyond reach. The daily chart continues to show increased volume and has broken through an important trendline resistance, indicating that there are no resistance lines above.
However, from a smaller timeframe perspective, there might be a pullback, so I plan to short around the current price of 116,500, aiming for a profit of about one or two thousand points. I will short first and then reverse to go long. This rise has been quite strong, and the smaller timeframe indicators need to digest; we will either enter a consolidation phase or have a sharp downward spike before continuing to rise.