The panic index today is 73, still in a state of greed.

Based on historical experience looking forward, major market tops usually do not form in one go, but require several waves of sustained profit-taking selling pressure. The current profit-taking is just the first wave, which means that if market demand remains strong, Bitcoin still has the potential to welcome the next wave of upward momentum. The next significant key resistance level is around $130,000.

Currently, all three major bills have passed, adding bricks to the bull market, but for those who entered at low levels, it is advisable to gradually reduce some positions in batches at 12-13-15. Even in a bullish market, one must also consider profits; UN and JUP are nearing a double, and remember to withdraw the principal for any altcoins that double.