$120,000 is not resistance, it's the next stepping stone for Bitcoin!

I believe that this week #BTC is expected to break through 120,000 USD.
From a technical perspective, Bitcoin's bullish structure is solid as a rock: the daily moving average system shows a standard bullish arrangement, with MA20 crossing above MA50, forming a strong support zone. 118,000 USD has become the "golden ratio level", having been tested multiple times without breaking, indicating that the bulls have a very strong base. As long as BTC maintains this level, the probability of breaking upwards exceeds 70%.

On the macro front, expectations for the Federal Reserve to cut interest rates continue to rise, the US dollar index fluctuates and weakens, and market risk appetite has clearly warmed up. Under the expectation of easing, liquidity is flowing back into high-risk assets, and BTC, as "digital gold," benefits from both the logic of safe-haven and speculation.
ETF inflows continue to be strong, with institutional buying showing net inflows for the fifth consecutive week, indicating that traditional capital is still accumulating. On-chain data shows that the number of wallets holding more than 1 BTC has reached a new high, and the proportion of long-term holders has surpassed historical peaks — this is the fuel tank for the bull market.

In terms of strategy, it is recommended that short-term bulls pay attention to the support at $118,000. If there is a strong breakout above $120,000, the targets will be set at $122,800 and $125,000; if it unexpectedly falls below $117,500, caution should be exercised in reducing positions.

The "bull head" of Bitcoin has already risen up the slope, 120,000 is not the endpoint, but the starting point of the next wave.