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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.