The price of Bitcoin at $BTC continues to break historical highs, while the trading volume remains stagnant. From a technical perspective, the RSI indicator remains in the overbought zone, yet market sentiment is still fervent. With FOMO sentiment, many retail investors are blindly chasing highs despite the risks. This type of rise, lacking accompanying trading volume, often signals that the market is about to experience significant volatility. It is advisable to remain calm in the current environment and consider a staggered entry strategy, waiting for a decent pullback before re-entering. After all, it is better to miss out than to make a mistake; controlling risk is always the top priority, and it’s best to wait for a pullback.

Bitcoin: Short near 119000-1195000 with a short-term target of 117000.

Ethereum: Short near 3000-3015 with a short-term target of 2950.