BTC Breaks $125,000 and Faces Selling Pressure, Three Possible Short-Term Trends

Bitcoin reached a new high of $125,000 early in the morning, and there is significant selling pressure at the current position. The short-term trend may present three scenarios:

1. A brief pullback followed by a continuation of the upward trend, potentially reaching $128,000;

2. A pullback after a change in positions, with a continued upward movement if the $120,000 support is maintained;

3. Prolonged distribution by major players, breaking below $120,000 and entering deep consolidation.

Although the 4-hour chart shows selling pressure, the overall trend remains bullish.

Current operations are quite challenging, and caution is needed regarding the risk of chasing highs, while also paying attention to changes in key support levels.