BTC is currently oscillating between the range of 116000 and 119500, and it has not yet filled the gap in the CME range of 115000 to 114000. 121000 is an important resistance level for Bitcoin, and whether it can reverse and rise to 130000 depends on a strong breakthrough and stabilization above this level. Last week, after touching 120888, it retraced all the way down to 116000, which are all very important points.