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Recently, Bitcoin's price has shown a certain rise momentum. Starting from a low of 118,154, the price experienced multiple fluctuations upwards, eventually reaching a new high of 124,545. Although a pullback occurred thereafter, the current price is showing a stable trend in the range of 121,500 to 122,000, with the downward momentum weakening.
From a technical perspective, the current market may be forming a bottom, creating conditions for a short-term rebound. For day traders, buying opportunities can be observed in the range of 121,500 to 122,000, with the upper target price set around 124,000.
However, investors should be aware that the cryptocurrency market has always been highly volatile, with risks and opportunities coexisting. Before making any trading decisions, it is essential to conduct a comprehensive market analysis and develop an appropriate trading strategy based on individual risk tolerance. In addition, continuously monitoring macroeconomic conditions, regulatory policy changes, and other factors is also key to grasping market trends.