Bitcoin price has once again broken through the $120,000 barrier, attracting market attention. The morning market has completed its pump, and chasing the price at this time may pose risks. Last week's bullish predictions have been validated, and the market is indeed showing a rise trend.



Next, we may see a wave of correction. However, it is worth noting that this round of correction may not break below the $120,000 level. For day traders, around $120,500 may be a better entry point, with a target price to follow around $123,000.

Although there may be fluctuations in the short term, the overall trend remains positive. Investors should closely follow market movements and manage risks effectively. At the same time, it is important to be vigilant about potential unexpected events that may impact the market.

Overall, the Bitcoin market is currently showing positive signals, but investors still need to remain cautious, reasonably allocate assets, and avoid blindly chasing the price.
BTC-2.22%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
GasFeeAssassinvip
· 22h ago
Be careful of momentum investing traps.
View OriginalReply0
OldLeekConfessionvip
· 22h ago
If you have already gone all in, don't look back.
View OriginalReply0
GasFeeDodgervip
· 22h ago
Avoid chasing the price and wait for a pullback
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)