The previous adjustment after the rise of BTC encountered a strong influence from the legislation, breaking through 120,000 again, reaching a maximum of 121,000, which aligns with the expected rhythm.

Currently, looking at the overall structure, the rise influenced by the market is just a temporary stimulus. After failing to break through 121,000, it has still retreated for adjustment. In the short term, without significant positive news in the market, trading during the day should focus on shorting at highs.

Short around 120,300-120,800, looking at 119,000-198,000.

The market changes rapidly; specifics should be based on the trading situation, and remember to maintain good risk control.