Bitcoin Tops $124K; Ethereum Inches Toward New ATH — Watch for Pullback

I note that Bitcoin has reached a record $124,000, while Ethereum sits less than $50 from a new all-time high. This is a clear sign of strong market momentum across major cryptocurrencies.

I view the move as bullish but stretched: prices are running fast and volatility is likely to spike as traders take profits and reposition. On-chain indicators and liquidity will determine whether the rally extends or a healthy pullback follows.

I will watch for consolidation or a retracement to add positions; I’m cautious about buying at extreme intraday levels and prefer to wait for clearer confirmations or disciplined entries on weakness.