For us non-US folks, 120K is the new level to break to even consider it an new ATH imo (USD worth 10-12%~ less for many).
That's the heart of the matter.
However, if I zoom out, there's this small underlying glitch: Still measuring things in USD are we? After all the big talk about de-dollarization, it seems a bit of a contradiction.
But honestly, I have to admit I entertained the same thought.
All in all, shaving off a cut at 120k sounds reasonable. It's a balancing act. Selling too early, especially with the mind of buying back lower, is a common point of failure - but failing to enjoy some fruits is a failure too. No delayed gratification can extend past our individual time limit.
225K is an OK estimate for the "top", but even there I think we could/should go higher.
Official pilot,
May your fuel never run out
Vroom vroom, higher on
#haiku