Market sentiment is sensitive (non-panic), with a sudden fall without reason, and some people associate it with the "double top" history after BTC reached a new high of 69,000 in 2021.

As mentioned earlier, there is a clear divergence in the long and short positions, the market has bubbles and also shows signs of being "caught off guard". I am cautious in the short term: BTC can break new highs, but it will be hard to quickly break 125,000; ETH needs to be careful when chasing highs.

Some people think "this time is different, it will be a bulldozer mode", but the laws of supply and demand in the market remain unchanged. Today, with one fall, some people are asking whether a bear market is coming, clearly showing the market's sensitivity: both hoping for a rise and fearing high prices.

Currently, being bullish is "politically correct," and bloggers are cautious in their statements. However, I am not bearish: in the long term, the chips, consensus, and whale behavior of BTC and ETH are all healthy, and it is reasonable to be bullish, but in the short term, it may be slightly weak.

The URPD rule has been mentioned before: a large volume bar is likely not the top. Currently, 117,000 is the highest large volume bar, and the price is in the middle of the "double anchor structure"; time will verify this.

In summary: the prospects are bright, but the process may be tortuous.