Bitcoin breaks through 120,000, still bullish after pullback

Bitcoin broke through 120,000 today, reaching a high of 122,300, validating the previous bullish assessment. The long positions established a few days ago when it pulled back to just above 112,000 can still be held, with the target set for a historical new high.

In the short term, a pullback at the 1-hour level is likely to occur, with support to watch at 118,000~119,000. After the pullback, it is expected to rise again towards 126,000. At the 15-minute level, it may drop first and then rebound, completing the pullback by tomorrow noon; a continued rebound extending upwards cannot be ruled out and needs to be observed.

Ethereum's pullback is an opportunity

Ethereum is expected to have a 1-hour level pullback, retracing to around 4,150. As long as it does not break below 3,870, there will be a rebound after the pullback, forming a key buying point, with the potential to surge above 4,800. The 15-minute level is currently in the first wave of pullback decline, followed by a rebound and then another decline to complete the pullback.

Trends across all timeframes are upward: weekly and daily targets remain unchanged, the 4-hour level is bullish towards 126,000, and after the short-term pullbacks at the 1-hour and 15-minute levels, prices will continue to rise. The pullback is a good time to increase positions or enter the market. $BTC $ETH $XRP #加密总市值创历史新高