The market ebbs and flows like the tides, and true winners understand: during a surge, do not mistake luck for strength; during a downturn, do not take panic as truth. Every fluctuation of the candlestick is the market's breath; a bear market hones skills, while a bull market realizes profits. Volatility is not risk, but another form of opportunity—those who are shaken by fear are always missing out, while those who skillfully utilize volatility are quietly accumulating. Remember, preserving principal is more important than chasing profits, because as long as the green mountains remain, there will always be a chance to participate in the next game. After confirming the key support level of 118,000, Bitcoin entered a one-sided upward mode, reaching a high of 120,000. A standard breakout pattern formed at the 4-hour level. Technical indicators show strong bullish signals: the MACD double line golden cross accelerates upward, and the red momentum bars continue to expand; the Bollinger Bands open upward, with prices running along the upper track; trading volume is increasingly amplified, reaching 150% of the recent average when breaking through 119,500, indicating continuous inflow of main funds. Current market sentiment is clearly warming, with the Fear and Greed Index rising from 35 to 58, entering a neutral to bullish range.
As the resistance zone of 118,000-119,500 turns into a support band, a pullback to the 119,200-118,800 range will create a new buying opportunity. Focus on the breakout situation of the psychological level at 120,000; if it stabilizes at this position, the next target will look towards the previous high area of 122,800. On-chain data shows that in the past 24 hours, there has been a net outflow of 12,000 BTC from exchanges, and the increase in whale addresses has reached a three-week high, providing fundamental support for the subsequent rise.
Operational Strategy Suggestions
For those who have entered long positions, it is recommended to move the stop loss up to 118,500 to protect profits. Those without positions can wait for a pullback near 119,000 to gradually enter. Aggressive traders can enter with a small position after confirming a breakout at 120,500 but must strictly set a stop loss below 119,800. It is important to note that in trending markets, one should avoid counter-trend speculation, focusing instead on the volume coordination situation to let profits run fully. In trend trading, being patient is more important than frequent operations.
