BTC, a clear enticing market, don't be led astray; it's not the time to go against the trend, but to flow with it. This is absolutely not a position to short!
From the hourly chart, the Bollinger Bands are opening upwards, having already pierced through the upper resistance. There is a short-term bullish engulfing trend, with the last candlestick closing as a bullish candle. Four consecutive bullish candles indicate that the bulls are still strong!
It is recommended to buy around 119500, with a target near 123000!