Don't fight against the market anymore, the long positions have already formed, and it hasn't reached the peak yet.

The resistance above is continuously broken, and the strength of the pullback is getting weaker, which is clearly a wash and rinse pattern. Holding short positions at high levels is common, but sometimes you need to think in reverse and understand the importance of going with the trend.

The current slow rise has not yet ended, with signs of a push towards the previous daily high of 1178. If it can be effectively broken, then there is a good chance the price will aim for the high of 120,000 again. In the short term, the focus is on long positions, with 1160 as a support level. If it holds above this area, one can look for buying opportunities. Watch the daily resistance around 1178; if it breaks, continue to look towards 120,000. If it does not break, watch the 1160 area again. #PI #BTC