The Bitcoin short position has all taken profit. Last night's PPI data was too off the mark, just right for a pullback!

However, the problem isn't big, the sentiment is still high, and more people will buy the dip during the pullback, so it won't drop suddenly; it's suitable for swing trading.

Today, I expect a rebound on Bitcoin, but relatively weak, so just lower the expectations.

The upper resistance for BTC is at the 120,000 round number, with the second resistance at 122,000. Recently, we can only see this; the probability of breaking new highs is currently not visible.