The daily chart of Bitcoin shows a double top at 92,368,528,215, initially showing signs of decline. Altcoins are also accelerating towards their peaks. Is this the real top this time?

As expected yesterday, Bitcoin rushed to the top at 110,000 and then plummeted sharply, followed by liquidity shifting to altcoins. At this point, one can consider lightly shorting altcoins, and right after, U.S. stocks opened and turned down.

This round of increase is still rooted in the easing of China-U.S. relations, with influences like Trump and Musk reconciling. With good news coming in, a bit of bad news would lead to a significant drop immediately.

For those who shorted Bitcoin above 110,000, you can safely secure your capital loss. Currently, Bitcoin's upward momentum has slightly weakened, and it will be somewhat challenging to break through the maximum resistance liquidation point at 115,000. At this position, the risk-reward ratio for Bitcoin shorts is quite large.

The main altcoins shorted are FARTCOIN (large market cap altcoin), ANIME (weak fundamentals), and BOB (whale exit).