1216: Bitcoin has broken the upper resistance level of 103600, as well as the previous high of 104630, reaching a new high like the US stock market. The Nasdaq index and the futures index are about 1800 points apart; the futures represent expectations for the future market, and the 1800 points of long futures also indicate a sustained bullish sentiment in the US stock market. Currently, the continuous divergence of Bitcoin's daily trading volume and MACD does not seem to have a significant restraining effect on the current market. In a bull market, it is common to see repeated divergences, but we must remain vigilant. As it stands, Bitcoin is still stretching where it needs to stretch; if there is no significant correction in the US stock market, Bitcoin will likely follow suit. In terms of operations, we cannot short at resistance levels like last week; instead, we should consider going long by switching positions. Given the current market enthusiasm, the expected medium-term height for Bitcoin will be around 120,000 USDT. Ethereum has not effectively broken its previous high of 3980; if it does break, the medium-term box height is estimated to be around 5100. Bitcoin's 4-hour chart has a price difference of about 2000 points; we should first pay attention to the digestion of this difference. Without a significant increase in volume leading to a drop, we should consider going long at 103600-104000 with a target of 105700-106300 and add positions at 103300. For Ethereum, go long at 3910-3930 with a target of 3980-4010; if it breaks, look for 4020 to 4090.