Bitcoin once again performed a "rise-fall" roller coaster trend. Although it has not stabilized above the 121,000 mark, the high and low prices continue to rise, and the upward oscillation pattern remains unchanged.
Currently, there are no obvious signals of weakening after a high on the daily and weekly charts, with bulls controlling the pace, and the market is still in a bull-dominated phase. Each pullback at this time resembles an opportunity for bulls to accumulate positions rather than a risk release.
In terms of operations, considering entering long positions around 117,500 during a pullback, with targets looking towards above 120,000; going with the trend is the current strategy.
