Bitcoin has shown strong performance recently, maintaining an upward trend. From a Technical Analysis perspective, it is necessary to follow the key level of $125,100 in the short term. If the price frequently encounters resistance here, a pullback may occur. On the other hand, the support level around $121,500 is worth paying attention to, as a rebound opportunity may arise.

Currently, due to Bitcoin continuously hitting new highs, the upper pressure levels are not clear. However, investors can closely follow the area around $126,000 to see if a multiple top pattern will form.

In such a strong rising market, it is not advisable to short easily. On the contrary, investors should follow the trend and seize potential rising opportunities. However, one should also remain vigilant at all times and ensure proper risk management.

It is worth noting that the cryptocurrency market is highly volatile, and investors should proceed with caution, avoiding putting all their funds into it. Reasonable asset allocation and risk control are essential for achieving long-term success in this market full of opportunities and challenges.