Currently, the Bitcoin market is showing some fluctuation. From the four-hour chart, the Bitcoin price has dropped after reaching a high point and found support near the middle band of the moving averages. At present, the BTC price is hovering around 119600 dollars, indicating a certain consolidation trend.



For potential pullbacks, investors can focus on selling opportunities in the range of $120,000 to $121,000, but they need to be cautious of the possibility of breaking above $120,500. If the pullback is successful, the next key support area may be between $118,000 and $117,000.

This oscillating market reflects the uncertainty of market participants regarding the value judgment of Bitcoin in the short term. Investors should closely monitor market changes, reasonably control risks, and conduct a comprehensive analysis in conjunction with other technical indicators and fundamental factors when making trading decisions.
BTC-3.06%
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just_another_fishvip
· 1h ago
When can it break 130,000?
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OnChainArchaeologistvip
· 08-12 20:50
Cut Loss eating noodles
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GasFeeNightmarevip
· 08-12 20:47
A quick break can lead to getting liquidated.
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MEVHunterNoLossvip
· 08-12 20:39
go-with-the-flow watching a show, small adjustments are normal
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OldLeekConfessionvip
· 08-12 20:32
Can we play people for suckers again?
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WalletManagervip
· 08-12 20:28
This wave is aimed at gradually accumulating in the 11.7-12 range.
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