Bitcoin surged strongly in the early morning, breaking through the historical high again to reach 117500. Market sentiment has been fully driven, currently running around 1168. The overall market is dominated by bullish forces, with four consecutive bullish candles formed on both the 4-hour and daily charts. The overall direction is indeed bullish, there's no doubt about that. Short-term, a further rise cannot be ruled out, but in terms of operation, the main focus remains on short positions.
Bitcoin: Short near 1168, add to short at 1175, target 1152-1136
