Bitcoin breaks through a new high, aiming at 120,000! ——Trend analysis and operation strategy
[Market status: strong breakthrough, bulls dominate]
Bitcoin (BTC) finally broke through the shock range and broke through the 120,000 US dollar mark, setting a new record! The current market sentiment is high, and both technical and capital aspects show that bulls have an absolute advantage.
Key data observation:
Price structure: After breaking through the previous high, 120,000 US dollars became a new psychological barrier. If it can stand firm, the upper space will be further opened.
Support confirmation: The 114,000-115,000 range forms a short-term strong support. If the callback is not broken, the trend will continue.
Fund flow: Institutional positions are stable, derivatives have not shown excessive leverage, and the healthy rising structure is still there.
My opinion: The bull market has no top, but we need to be wary of short-term profit-taking. The trend has not changed, and low-absorption is still the main strategy.
【Operation strategy: Pullback is an opportunity】
1. Short-term layout:
Entry range: 114000-115000 (trend support + Fibonacci retracement level)
Target: 120000 (expected to accelerate after breakthrough)
Risk control: If it falls below 113000, the market structure needs to be re-evaluated
2. Trend holders:
Stay stable at 114000 and continue to hold. Observe the breakthrough strength above 120,000. If the volume increases, the target can be higher (such as 125000-130000).
【Risk warning】
Short-term volatility intensifies: A rapid pullback may occur after a new high, so avoid blindly chasing highs.
Macro variables: Fed policies and geopolitical situations may still trigger a spike.
My conclusion: Pullbacks in a bull market are all better opportunities to get on board. Keep a low-multiple mindset, but strictly control risks.
[Market status: strong breakthrough, bulls dominate]
Bitcoin (BTC) finally broke through the shock range and broke through the 120,000 US dollar mark, setting a new record! The current market sentiment is high, and both technical and capital aspects show that bulls have an absolute advantage.
Key data observation:
Price structure: After breaking through the previous high, 120,000 US dollars became a new psychological barrier. If it can stand firm, the upper space will be further opened.
Support confirmation: The 114,000-115,000 range forms a short-term strong support. If the callback is not broken, the trend will continue.
Fund flow: Institutional positions are stable, derivatives have not shown excessive leverage, and the healthy rising structure is still there.
My opinion: The bull market has no top, but we need to be wary of short-term profit-taking. The trend has not changed, and low-absorption is still the main strategy.
【Operation strategy: Pullback is an opportunity】
1. Short-term layout:
Entry range: 114000-115000 (trend support + Fibonacci retracement level)
Target: 120000 (expected to accelerate after breakthrough)
Risk control: If it falls below 113000, the market structure needs to be re-evaluated
2. Trend holders:
Stay stable at 114000 and continue to hold. Observe the breakthrough strength above 120,000. If the volume increases, the target can be higher (such as 125000-130000).
【Risk warning】
Short-term volatility intensifies: A rapid pullback may occur after a new high, so avoid blindly chasing highs.
Macro variables: Fed policies and geopolitical situations may still trigger a spike.
My conclusion: Pullbacks in a bull market are all better opportunities to get on board. Keep a low-multiple mindset, but strictly control risks.
Free Signals：t.me/+CXftl_-QHEo2Yzc0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Signals：t.me/+CXftl_-QHEo2Yzc0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.