Today Bitcoin has once again broken through the 120,000 barrier, with the asset continuing to reach new highs. However, after the surge, both are in a high-level adjustment phase.

This morning, the large coin is at 121,000, around 122,000/4330, it dropped 2660/158 points, and in the evening, it continued to drop 75 points at 4360.

For the early morning phase, continue to maintain the 'long-term short, short-term long' strategy.

In the lower range, the large coin is at 118,200-118,600 area, with the asset around 4200 receiving support.

In the upper range, the large coin is at 121,500-122,000 area, with the asset receiving support above 4360 at $BTC .