#机构疯抢以太坊 💰 As of July 28, 2025, the Bitcoin price is **$119,552** (approximately $119,552), with a daily increase of 1.1%, approaching the key resistance level of $120,000.

**Driving Factors**:

1. **U.S.-EU trade agreement** reduces tariff uncertainty, boosting demand for risk assets;

2. **Market cautious sentiment** persists due to the upcoming Federal Reserve interest rate decision (July 30) and the U.S. cryptocurrency policy report, which may affect liquidity expectations and regulatory direction.

**Technical Signals**:

- The 4-hour chart forms a "golden cross" (20-day moving average crossing above the 50-day moving average), RSI is bullish, but the $120,000 resistance is strong and needs to be effectively broken to open up upward space.

- Increased derivative positions may trigger short squeezes if broken, pushing the price to test the historical high of $123,218.

**Short-term Risks**: If it falls below the support of $118,000, it may retrace to the range of $116,000-$111,000.