$BTC makes a strong comeback at 120000, how many short positions have been trapped this time?
The current trend of Bitcoin is quite strong, with prices continuously rising, and the moving average system showing a bullish arrangement, indicating strong bullish momentum; the news that Trump allows 401(k) retirement accounts to invest in cryptocurrencies has led to expectations of significant capital inflow, and Bitcoin, as the leader, will inevitably benefit.
In my personal judgment, BTC is very likely to continue its upward trend today, pushing towards higher price levels.
You can pay attention to the support range of 120500-121000 USD. If the price pulls back to this level and shows a small bullish candlestick indicating a stop in decline, along with a pattern of decreasing volume followed by an increase, it would be a good entry opportunity, with a stop loss set below 120000.
The initial target is 123000 USD, and if the bulls continue to push through, there is hope for further challenges at 125000 USD and above.
Have you been trapped and cut again? Next, I will announce a secret formula internally; those who want to recover should follow along!