Nowadays, the pancake is almost hitting new highs every two days, but this wave of increase is not due to strong buying;
Instead, it's because no one is willing to sell—most are just follow-the-trend fence sitters, and once signs of a decline appear, they will probably all rush to sell!
The more it is a peak moment like this, the more we need to steady our footing. Aggressive traders should short above 120400, while conservative traders should set up shorts above 111300, targeting 117300. If it breaks down, watch 115000 and the 110,000 mark! $BTC