This wave of Bitcoin's rise is like a rich person taking a rocket and still feeling it's slow—historical highs can be broken at any moment, but the wind at the top is strong; standing firm is the real skill!

Dragon Brother's trend analysis: Three things you should understand about today's BTC 'door-kicking action'.

News aspect:

"Setting new historical highs" is like giving the bulls a shot of adrenaline—funds are pouring in, retail investors are chasing, institutions are buying the dip, even the neighbor's aunt is asking 'is it still a good time to buy?'.
But don't just watch the excitement: New highs are the starting point and also a 'concentration camp for selling pressure'! Those who bought at lower prices and short sellers are all watching this position to unload, and behind the excitement lies hidden dangers.

Technical aspect:

Chart signal: Definitely 'kicking down the door'.

K-line surging up: The 1-hour line clearly shows it's rushing towards the resistance level of 124545.6, like a strong man winding up to kick down the door.

MACD signals red: Red bars lengthening + DIF far outpacing DEA, indicating bulls are still stepping on the gas, the trend is fine.

Key resistance level: 124545 is the 'ghost gate'.

Why is it difficult? This is a historical high point! Those who made a fortune before want to 'cash in'. Technicians see overbought and dare not chase, even going short. Orders at the door are like bargaining at a market—both bulls and bears are waiting for the other to flinch first.

RSI warning: Short-term 'running out of steam'.

RSI1 and RSI2 are close to the 70 overbought line, like a sprinter gasping for breath before the finish line—might squat down to catch their breath at any moment.

Trading volume: More observers than doers.

Latest 1-hour trading volume is 775, far below the 5-day and 10-day moving averages, indicating that the funds chasing highs have not poured in wildly.

Estimated trading volume of 4K+ is much greater than the actual, indicating both bulls and bears are 'testing orders'—whoever acts first may get countered.

Dragon Brother's view: The bull market hasn't changed, but today we need to 'watch the door'.

Overall direction: The short-term uptrend is confirmed, bulls are still in charge, but 124545 is the lifeline!

Two possibilities:

True breakthrough:

Conditions: Sudden surge in trading volume + MACD red bars continuously increasing + price stabilizing above 124545.

Consequences: It could rush towards 125000 or even higher, but be cautious of false breakthroughs.

Surge and pullback:

Signal: Small bullish and bearish candles lingering, long upper shadow, shrinking trading volume.

Pullback target: First support at 122506, if broken, look at 122000, even 118800.

Operation suggestion:

Don't chase the rise! Heavy positions at the door equal catching flying knives, with poor risk-reward ratio.

Holders: Some are reducing positions to lock in profits or setting trailing stops.

Want to buy the dip: Wait for a pullback to the support level before looking for signals, or wait for a clear breakthrough at 125000 before taking action.

This wave of Bitcoin's 'mountaintop defense battle': Will it continue to soar or squat down to catch its breath? #BTC再创新高

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