Tonight, the 'Crazy Moment' arrives. Can $BTC break through 120,000 in one go? Watch quickly!

The current market situation is a complex game of news and technicals. On the news front, there's an intense clash between bullish and bearish forces. On the bullish side, Trump is pressuring the Federal Reserve to cut interest rates quickly, and several Fed officials have made intensive comments within 24 hours, increasing the probability of a rate cut in July and hinting at two cuts this autumn, pushing BTC close to the 120,000 mark (currently 117,989 USDT); on the bearish side, the EU tariff crisis is approaching, with Trump planning to impose a 17% tariff on agricultural products and negotiations nearing collapse. If tonight's 20:30 US PPI data shows inflation rebounding, rate cut expectations will collapse.

On the technical side, 120,000 is the key battleground for bulls and bears, representing a significant psychological barrier for bulls and a 100% Fibonacci resistance level. The 117,990 area has dense buy orders from major players, and a breakout requires a massive buying volume; if it falls below 116,000 (76.4% support), it will trigger a bull liquidation, dropping to 114,226 and 112,928. Losing 110,026 (23.6%) could lead to a crash down to 108,000.

There are two scenarios for the future market: the breakout scenario requires PPI data ≤ expectations and Fed officials to be dovish again, breaking 118,000 to chase the long position with a stop loss at 116,500 and a target of 122,000; the nuclear drop scenario requires PPI exceeding expectations and an escalation in the EU tariff war, shorting at 117,500 with a stop loss at 118,500 and a target of 112,000. 120,000 is the 'hope meat grinder'; if rate cuts are not realized, whales may take the opportunity to sell on good news, and retail investors should be cautious.

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Let’s be clear, there are many opportunities in a bull market, but it’s also an elimination match. Staying alive is the most important! It’s still a good time to pay attention to the top scorer and get on board.