Odaily Planet Daily News CoinDesk analyst Omkar Godbole pointed out that as BTC hits a record high, traders should pay attention to three levels: $126,100, $135,000 and $140,000.

Among them, $126,100 is the upper boundary of the "extended range" pattern formed since mid-July. If it reverses here, it may trigger a pullback.

A breakout of this range would shift the focus to $135,000, which could act as resistance due to the net-long gamma positions held by market makers, thus curbing price action.

Finally, $140,000 is a magnet, with open interest in $140,000 call options on Deribit exceeding $2 billion in notional value, potentially attracting price action but also creating strong resistance. (CoinDesk)