The first thing I saw when I got up this morning was the large pancake above 100,000. Just yesterday, I mentioned that we would see the pancake surge to 100,000 this week, and it directly reached around 102,700.
This trend shows that the bulls are getting strong again, but from the daily chart, BTC has now reached a pressure point around 103,000. Yesterday, there was another large bullish candle that pushed it up, and the chances of continuing to rise are not great; a pullback is needed to correct the trend.
Currently, in the market, we are adjusting sideways around the 102,000 resistance level. Looking at the 4-hour chart, the Bollinger Bands are still opening upwards, and the bullish momentum is strong. The overall trend will not easily change direction, so the strategy should continue to focus on entering low and going long, rather than thinking about shorting.