🚨#BTC Market Update | Analysis of Trends After the Passage of the "Genius Bill"
Bitcoin has broken through 120,000 USD today, and the main force continues to adjust. Approaching the key support zone 115800–116800, A critical point for direction selection is about to be reached.
📉 If it breaks below support, it will enter an ABC wave adjustment. 📈 If the decline stops and stabilizes, it is expected to rebound to the 123000 area.
📌 Operation Strategy: • Support zone light position long • Strict stop loss below the support zone • The short-term target for long positions is around 123000. ⚠️ The current market is still in a bull market structure. The "Genius Act" belongs to a bullish logic, and it is not recommended to blindly short.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨#BTC Market Update | Analysis of Trends After the Passage of the "Genius Bill"
Bitcoin has broken through 120,000 USD today, and the main force continues to adjust.
Approaching the key support zone 115800–116800,
A critical point for direction selection is about to be reached.
📉 If it breaks below support, it will enter an ABC wave adjustment.
📈 If the decline stops and stabilizes, it is expected to rebound to the 123000 area.
📌 Operation Strategy:
• Support zone light position long
• Strict stop loss below the support zone
• The short-term target for long positions is around 123000.
⚠️ The current market is still in a bull market structure. The "Genius Act" belongs to a bullish logic, and it is not recommended to blindly short.
#比特币 cryptocurrency #BTC分析 crypto circle opinion