Bitcoin reached a high of $124,000 today
The increase is mainly driven by expectations of interest rate cuts from the Federal Reserve, institutional capital inflows, and favorable policies
Short-term support is in the range of $120,000-$121,000
A breakthrough at $125,000-$126,500 could further challenge $130,000
First support level is $120,000-$121,000. If it pulls back to this range and stabilizes, consider entering the market
If there is a deep correction to this area, positions can be built in batches, with a target of $122,000-$124,000
If the price stabilizes at $122,700 and breaks through $125,000 with volume, consider short-term long positions, targeting $126,500-$130,000
Today's short-term strategy: 122809 Target price 123752 Stop loss around 121
The increase is mainly driven by expectations of interest rate cuts from the Federal Reserve, institutional capital inflows, and favorable policies
Short-term support is in the range of $120,000-$121,000
A breakthrough at $125,000-$126,500 could further challenge $130,000
First support level is $120,000-$121,000. If it pulls back to this range and stabilizes, consider entering the market
If there is a deep correction to this area, positions can be built in batches, with a target of $122,000-$124,000
If the price stabilizes at $122,700 and breaks through $125,000 with volume, consider short-term long positions, targeting $126,500-$130,000
Today's short-term strategy: 122809 Target price 123752 Stop loss around 121
