$BTC 10.7 Bitcoin price today: Bitcoin continued to pump yesterday, once again breaking new highs, reaching a peak of 126,208. In yesterday's analysis, we mentioned that the upper resistance level is approaching, and from the perspective of smaller structures, there is a possibility of an end at any time. Therefore, our current strategy is to gradually open short positions, rather than taking a Heavy Position all at once. It is reasonable to expect a fluctuation range of 4%-5% up and down from the current area, which is a suitable range for gradual layout.

There is a possibility of an extended wave in the current trend, which is why it is difficult to accurately determine the top position in the short term. However, it is clear that the next major market movement is likely to begin after completing the current range. Therefore, the strategy is to no longer chase long positions, but to focus on gradually shorting and building positions.

In summary, the view on building a position in Bitcoin remains unchanged from yesterday, starting to gradually lay out medium-term short positions above the resistance level of 123500, with 10x leverage and a default stop loss of 5% from the spot price.