Bitcoin Breaks Record High Amidst Bearish Pressure on Ethereum

On October 6th, Bitcoin (BTC) broke through its all-time high, reaching $126,199 USD. This marks a new record for the cryptocurrency and has led to investors seeking potential long positions. However, despite this remarkable achievement, trading volume during this rally did not increase with price, indicating that this breakthrough may be less impactful than anticipated. Notably, an engulfing pattern on October 7th suggests some pullback could occur, urging cautious observation by investors.