1. Key technical signals:

    • Price level: Current 123,700 USD, closely adhering to the upper Bollinger Band facing strong pressure zone at 124,400

    • Long and short momentum: RSI three lines have reached the overbought warning zone, but no divergence is seen, still has upward potential in the short term

    • Structural pattern: Crocodile mouth contraction indicates a short-term directional choice, if it breaks through 124,500 with volume, it confirms the opening of upward space

  2. Impact of news:

    Trump family mining company ABTC increases holdings by 2,130 BTC worth approximately 260 million USD, releasing institutional bullish signals:

    • Political capital entry strengthens market confidence

    • Mining companies hoarding coins reduces circulation, improving supply-demand structure

Today's trend forecast

  • Upward scenario: If it stabilizes at 123,700 support, it is expected to attack the key pressure level at 124,500, and after breaking through can see 126,000

  • Callback risk: RSI overbought may trigger a short-term pullback, strong support at 120,000 and 119,000 volume platform

Specialist says Coin Today's exclusive BTC view:

Aggressive faction

Lightly test long positions near the current price of 123,700, stop loss at 120,500

Break through 124,500 and increase positions, target 126,000

Stable faction

Enter the market after breaking 124,500 and retesting 123,800 for confirmation

Stop loss and exit if it falls below 120,500

Conservative faction

Wait and see until the close, if it stabilizes at 124,500 then follow up the next day

Strictly avoid pullback risks

Areas to be cautious of

  • False breakout trap: The 124,500 line has accumulated 4 tests of selling pressure, first breakout success rate is less than 40%

  • Volume risk: Current trading volume is far below the 5-day average volume, needs to increase to 800+ to effectively break through

  • Event-driven risk: Trump-related news may trigger drastic changes in market sentiment, suggest position ≤ 10%

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