The demand for Bitcoin is that I want to keep hitting new highs.
The logical basis is: when Bitcoin is fluctuating around 108,000 and forming a straight line, most people choose to go short. So when it rises a bit, many might choose to wait and see. When it reaches the range of 113,000-116,000, many people will be unable to resist going short. Therefore, currently, a large number of short positions are trapped below 118,000, and there is a 15-minute support level at 115,700~114,700 where a spike could occur, washing out the maximum number of long positions above while not allowing the short positions below to escape. Thus, the 15-minute mark is still a position where one can add to their position.
Of course, it is also possible that it will continue to rise from this point. The real acceleration has not yet come. It is advisable to add to long positions rather than short positions. The logic has been thoroughly analyzed from the inside out.
The support levels below are seen at 112,200~111,200.
The resistance levels above are seen at 128,300~130,300.