BTCETH Market View:

It's not advisable to blindly chase the price of ETH anymore, as continuing to push the price up will only create larger gaps below. Therefore, one must be wary of a pullback to fill those gaps, which cannot be ignored. For those holding long positions, taking profits around 4500 seems reasonable. After all, the area around 4500 is a resistance level, and regardless of how crazy the market gets, there are no scenarios where it only goes up without dropping or only drops without rising!
For a short position, if you want to give it a try, you can participate in the range of 4500-4540. Make sure to use a small position with a stop loss, placing the stop loss at 4560 to take a chance. If you are fully invested, then it's better not to attempt it.
Pay attention to the support at 4330 and 4280 below. You can try to set up a low long position here. If there's a pullback that gives an opportunity, then take it; if not, then forget it. Getting too aggressive with long positions is risky, especially if the market pulls back after moving higher, as it could lead to a washout and fill the gap, which would be unpleasant. ETH has been quite volatile recently; anything is possible.

BTC must be clearly differentiated from ETH, and don't fall into the habitual thinking that they will synchronize. They have already become independent recently. Pay attention to the resistance levels at 121000 and 122000 above; these are references for taking profits on long positions or reducing positions. As for short positions, to be honest, I do not recommend touching them. Who knows why ETH is soaring so much; looking back, will BTC catch up and have a surge too? After all, a tiger does not show its power, but you can't really treat it as a sick cat!
Pay attention to the support below the big pie at 118800 and 117900. You can consider positioning around here for low long trades. It is not recommended to enter short positions here. If there is an opportunity for low long trades, then take it; if not, there is nothing to be done. Missing out on the market won't lead to losses, but making the wrong move in the market will definitely result in losses. The market fluctuates greatly, so it is essential to manage your position!