Family, big news! On July 14, 2025, Bitcoin first broke through the $120,000 mark, reaching a peak of $123,218, setting a new historical high! As soon as this news came out, the crypto circle went into a frenzy! However, opinions on its subsequent market performance are varied. Today, we will analyze it comprehensively based on institutional views, technical indicators, and the macro environment.

However, from the perspective of technical indicators, there are indeed some points worth our attention. Some short-term momentum indicators, such as KDJ, have already shown overbought signals. This means that the market may be a bit overheated in the short term, and some funds may choose to take profits. Once these funds start to sell off, the price of Bitcoin is bound to be affected. Moreover, Bitcoin's support level is currently at $115,000. If this support level cannot hold, and the price breaks below it, it could trigger a technical correction, and the price might drop significantly.

Regarding the subsequent trend, institutional views in the market are also quite different. Some institutions are very optimistic, believing that Bitcoin's rise is far from over, and with various favorable policies driving it, it can continue to surge. However, some institutions are more cautious; they are worried that the short-term overbought situation and the pressure of profit-taking will lead to significant fluctuations in Bitcoin's price.

Finally, let me share BTC Hao Ge's operating guide with you. If you are a long-term investor, pay more attention to the continuity of trends, and definitely do not let short-term price fluctuations affect you; you must avoid chasing highs and cutting lows. If you are a short-term trader, you can try to short near $119,000, aiming first for $118,100. After the price comes down, pay attention to the $117,500 level. But still, I must remind you that investing in Bitcoin carries considerable risks, so everyone must operate with caution and manage risks well! #BTC再创新高