#BTC重返12万 Today's Market Analysis:

1. Short-term upward momentum is strong: Bitcoin broke through the psychological barrier of 120,000 dollars this morning, currently standing above 121,000, with bullish sentiment high. From a technical perspective, 115,700-117,200 dollars is a key support zone. If it holds above this level, it may subsequently challenge the historical high of 131,000 dollars.
2. Short Squeeze Alert: Market analysts warn that if BTC rises by another 10%, it could trigger $18 billion in short liquidations, leading to a "short squeeze" that could further drive up prices.
3. Institutions are aggressively increasing their positions: Harvard University just invested $116.6 million in Bitcoin ETFs, and the total holdings of listed companies have exceeded 628,000 BTC (worth $74 billion), with institutional FOMO sentiment at an all-time high.
4. Beware of short-term pullbacks: Some traders believe there is short-term resistance near $120,500, and if it retraces, $116,500-$117,800 may present a buying opportunity.

Operation Suggestions:
- Short-term traders: Pay attention to the breakout situation at 121,500-122,000. If it stabilizes, you can chase long positions; if it breaks below 120,000, be cautious of a pullback.
- Long-term HODLers: As long as it doesn't break the strong support at 115,000, hold tight and don't get off the train, the bull market is far from over!
Risk warning: The market is highly volatile, do not go all in, control your position, and beware of black swans!