The current market logic for Bitcoin is actually quite clear: it is no longer advisable to act as the "bag holder" at high levels. Those who were unable to pull out in time above 116,000 are now facing another adjustment opportunity.
The current market frenzy is merely attracting more people to enter and take over. When the third quarter market drops to a low point, many may fall into disappointment and passivity, at which point they will truly realize how high the cost-effectiveness of laying out short positions is at this level;
Personal operation suggestion: enter short positions when rebounding to the two levels of 115,300 - 115,800, targeting 113,000 and 110,800, 110,000! $BTC
