#BNB创新高 BTC The market in the past two days has really been volatile. This morning it reached the position of 120,000, and there is selling pressure, but it's not very strong. As long as the support at 118,800 below doesn't break, it can continue to rise. The market for altcoins has obviously shown signs of fatigue in recent days. Currently, there is capital outflow from US stock ETFs, and it feels like a temporary peak is approaching.

$BTC From an hourly perspective, the K-line alternates between bullish and bearish, consolidating around the 120,000 mark. The bullish momentum has shown signs of exhaustion, making it difficult to continue extending upward. It is expected that the daytime will continue on a corrective route, so our bearish outlook remains unchanged in the morning, and we will continue to look for opportunities to go short.

Although the current price is at a high level, it has not yet stabilized above 120,000 USD, so it is not advisable to chase the price higher at this level. The day's operation can first look for a pullback, and after the correction is in place, we can then consider laying out long positions.

Trading suggestion: 118,900-119,500 range, target 121,000-122,000.