Everyone pay attention! Bitcoin has just fallen below the 122,000 mark, currently reported at 121,953 USD. Although there is a 2.43% increase in the last 24 hours, this position already harbors hidden dangers.
The current market is like walking on a tightrope; on the surface, it appears to be rising, but in reality, there are undercurrents. Three key signals must be heeded:
First, the 122,000 position is very delicate. It is both a psychological threshold and a dividing line between bulls and bears. Falling below this indicates that short-term profit-taking is beginning to escape, but the 24-hour increase shows that there are still funds holding firm.
Secondly, a 2.43% daily increase seems substantial, but at the current high level, the volatility risk has already doubled. Now, every 1% rise or fall is a gamble involving tens of millions of funds.
Thirdly, the most critical factor is the change in volume. If volume increases during a decline and decreases during a rise, caution is warranted, as it likely indicates that large funds are quietly retreating.
The operational advice is very clear:
Those with heavy positions may consider reducing their holdings by one-third near 122,000.
If you want to bottom fish, wait for a pullback to the support level of 120,000 before considering.
Contract players must set their stop-loss at 119,800 to prevent false breakouts.
Remember, in the historical high zone, it's better to earn less than to take risks. Market trends never go straight up or down; this pullback is likely a preparation for the next surge. The key is to preserve your capital and wait for the trend to clarify before acting.
