Bitcoin remains volatile around $145,000, with market enthusiasm continuing to be hot. Institutional capital inflows show no signs of slowing down, and the technicals display a classic ascending wedge pattern. This formation often indicates a potential short-term correction, with the first support level around $138,000. A break below this level would be considered a true breakdown.

From a macro perspective, the Federal Reserve's policy stance remains a key variable driving the subsequent market trend. As long as dovish expectations persist, the mid-term upward trend remains stable. However, we should not be complacent—short-term gains have been substantial, and profit-taking pressure is indeed present.

For friends who have already built positions, now is a good time to consider taking partial profits; don't be greedy. Newcomers looking to enter the market should consider waiting for a pullback rather than chasing highs, as this will create a more reasonable risk-to-reward ratio. The logic for mainstream coins like Ethereum and SOL is quite similar; patience always pays off.