Let's review Bitcoin:

Last week's opening price for Bitcoin was around 119,300, the highest price was around 124,400, the lowest price was around 116,800, and the closing price was around 119,740. The volatility was 6%, with a decline of about 1.5%.

Currently, looking at the three to five-day moving averages, Bitcoin's support is not far away, with support around 115,000 and pressure around 118,000. The daily support is currently around 116,000.

In summary: After the weekly opening price last week, Bitcoin surged and reached a new high, but faced resistance around 124,400 and fell back. It is currently trading within a wide range between 120,000 and 114,000. From this week's Bitcoin opening price, we can see a clear downward adjustment trend. The market still presents a wide range trading phase. Combining the daily and twelve-hour charts, both the daily and twelve-hour charts show a downward trend, which is a good signal for us spot traders and bulls to set up.

Finally, regarding operations: It appears that Bitcoin is likely to test downwards this week. We should consider positioning around the prices of 115,000 and 111,000. We can start positioning if it breaks below 115,000 and accumulate on dips.