Bitcoin ( BTC ) The recent market trends are eye-catching, with prices breaking through the $120,000 mark, attracting widespread attention from investors. Currently, both bulls and bears need to remain vigilant, as BTC may soon experience significant fluctuation.

From a technical perspective, the $120K-$121K range is viewed as a key resistance area, and multiple false breakouts are expected. Although the overall trend remains bullish, investors should not overlook the risks posed by the strong performance of altcoins, reminiscent of past market scenarios during black swan events.

It is worth noting that when BTC broke through $120,000, buy orders were mainly composed of small orders of 50-100 BTC, indicating a high level of retail participation. For investors who have made a profit, taking moderate profits is not a bad idea.

For the current market, it is advised that bullish investors remain rational and not become overly greedy, and they should patiently wait for clear trend signals. Meanwhile, if bearish investors find themselves trapped, they may consider seeking professional advice to manage risks. After breaking through $121,200, gradually reducing positions may be a wise choice.

Overall, whether bullish or bearish, it is important to remain calm in the current market environment, closely follow market trends, and adjust strategies as needed to cope with potential fluctuations.