Bitcoin today reached a high of $124,000
The rise is mainly driven by expectations of interest rate cuts by the Federal Reserve, inflows of institutional funds, and favorable policies
Short-term support is in the range of $120,000-$121,000
A breakthrough at $125,000-$126,500 may further challenge $130,000
The 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, you can build positions in batches, targeting $122,000-$124,000
If the price stabilizes at $122,700 and breaks through $125,000 with volume, a short-term long position can be pursued, targeting $126,500-$130,000
Today's short-term strategy is 122809, target price 123752, stop loss around 121.
The rise is mainly driven by expectations of interest rate cuts by the Federal Reserve, inflows of institutional funds, and favorable policies
Short-term support is in the range of $120,000-$121,000
A breakthrough at $125,000-$126,500 may further challenge $130,000
The 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, you can build positions in batches, targeting $122,000-$124,000
If the price stabilizes at $122,700 and breaks through $125,000 with volume, a short-term long position can be pursued, targeting $126,500-$130,000
Today's short-term strategy is 122809, target price 123752, stop loss around 121.
