Currently, eighty percent of the market is bullish on the aggressive trend, which poses a significant danger. For the long term, I am relatively optimistic about a downward trend;
The bullish momentum is strong, but the technical indicators warn: RSI is near the 70 overbought line, and J value has broken 80, similar to exhausted athletes or needing to catch their breath. The range of 121000-123000 is a heavy area of selling pressure for trapped positions, and it won't be easy to break through directly!
Personal trading suggestion: short around the selling pressure position of 121400, and for aggressive traders, short above 120000, targeting 118300 and 115000. If it meets expectations, look towards 110000! $BTC
