The current price is operating around 120,400, and the recent price trend is quite critical. Previously, Bitcoin broke through its previous high and exhibited a strong upward trend, but after reaching a peak, it experienced a series of declines and is currently in a consolidation phase. From the 4-hour candlestick chart, the price faced resistance around 117,600 and has pulled back, but the lows are gradually rising, indicating that there is some support below. On the daily chart, Bitcoin is still in a golden cross state, and the bullish trend has not completely ended, suggesting that it still has upward momentum.

The MACD has formed a top divergence trend, which usually indicates that the market may face some pullback risk, but it could also be a signal for a continuation past previous highs after a brief adjustment. Considering the current market situation, although there is pullback pressure, the bullish strength has not fully exhausted, and there is still the possibility of further upward movement.

This evening, we will continue to maintain a bullish strategy for trading. #以太坊创历史新高倒计时 #BTC