In the past few days, Bitcoin has continuously broken new highs, and Ethereum has also been breaking through. The overall market is steadily climbing, with Ethereum and Ripple performing quite strongly. Other mainstream coins and large altcoins are generally being drained, and funds will flow into other mainstream coins and large altcoins only when the market stabilizes. However, during Bitcoin's rise, there has not been significant volume. Currently, the trend still has the potential to continue rising, and it is not ruled out that it could linger around the 110,000 mark in the short term.

Today, a friend asked me where the top is. In fact, this is not important; what matters is whether the risk or opportunity is greater at a certain position. Just manage your positions accordingly. Many experts are unable to call the top. I will briefly explain my position control strategy later; my personal review does not constitute any investment advice.

Bitcoin is expected to consolidate around 105,000, and the continuous rise to new highs is quite steady, but unfortunately lacks volume. If there is no substantial volume to pull it up significantly, and it only rises through draining, one should be cautious of a pullback. A slight rise and sideways movement are quite similar; both are just testing the market. In a bull market, one should not call the top, and in a bearish outlook, one should not short. At this time, the upper points serve as key levels, to be tested and broken through one by one. Each breakout will bring a pullback to solidify the gains, so do not rush to add positions during pullbacks, and do not chase after rising prices. After all, it’s always comfortable when someone is on guard at the mountain top. $BNB is expected to fluctuate between 700 and 740. I’m so moved that they have issued loyalty rewards for holders in two consecutive phases, the fourth and fifth phases. $ETH is expected to consolidate and gradually rise around 4000. If one continues to invest regularly, they will definitely profit. Institutions are continuously increasing their holdings in the short term, and there is a target of 4800 above. As the saying goes, with a clear target and actual actions from institutions, it is worth looking forward to. If one thinks Bitcoin is too high, they can actually consider this one.

Returning to today’s daily $BTC market analysis: From the candlestick chart, the 1-hour level is in a downtrend, the 4-hour level is in a downtrend, the 12-hour level is turning down, while the daily level is still in an uptrend. The intraday resistance level is 108,500, and the support level is 102,500 USD.