#BTC再创新高

$123,320 is a new level, short-term fluctuations but still bullish in the long run.

Bitcoin holding steady at the $123,320 level means that market sentiment is experiencing a shift from fear to greed.

In the short term, a large amount of profit-taking may exert selling pressure in the range of $124,000 to $126,000, forming a consolidation pattern. Therefore, investors should not blindly chase highs at this stage. Support can be observed at $120,500; if it breaks down, it may retest the strong support at $118,800. However, from a medium to long-term perspective, the inflow of institutional funds and the increasing demand for ETFs continue to support the logic for Bitcoin's rise. If macro liquidity remains loose in the future, the market is expected to break through $128,000 and further challenge the $130,000 integer level.

In terms of operations, short-term trading can involve buying in batches at lower prices to take advantage of arbitrage within the fluctuation range; for the medium to long term, continue to hold, with a target range set above $140,000.