$BTC Early morning directly reached a new high, hitting a price of 125,000. There is considerable selling pressure at the current position.

Three patterns can form here:

1. After a brief pullback, continue to push up to the 125,000 position and then surge to 128,000 in one go.

2. Use the current price to distribute chips, with a downward adjustment that does not fall below 120,000, then continue to push up.

3. The main force distributes chips over a longer period, dropping below 120,000 in one go for deep consolidation.

All three operations are quite challenging. Either have low-priced chips and are not afraid of pullbacks, or be daring enough to chase highs or short on the left side. There are sell orders on the 4-hour chart, but overall it still leans towards a bullish trend $BTC