The Bitcoin market has entered a phase of consolidation after experiencing significant fluctuations recently. Although there may not be any significant market changes over the weekend, investors are closely monitoring the trends for next Monday, hoping to see if the price can break through the $120,000 mark.

Currently, the bullish trend remains strong, and the market seems to be inclined to test the short liquidity near $121,500. In the Asian market, news from the cryptocurrency study group organized by Shanghai has injected some positive factors into the market. At the same time, news has once again emerged globally about Powell possibly resigning, which has also brought some benefits to the market.

However, investors need to remain cautious. The current rapid surge mainly relies on the forced liquidation of short futures positions, making it difficult to see a significant pullback under such circumstances. The reason is the lack of sufficient volatility during the upward movement, leading to a lack of effective support below. If a pullback does indeed begin, it could trigger a chain liquidation of long positions, resulting in a massive retracement.

For investors looking to participate, in addition to Bitcoin, mainstream tokens such as Ethereum (ETH), Solana (SOL), and Uniswap (UNI) are also worth paying attention to. However, regardless of which asset is chosen, it is important to carefully assess the timing of entry.

The key moving forward is to observe whether Bitcoin can steadily rise and hold above $120,000. If a pullback begins, it is very likely to fall just as it rose. Therefore, investors need to remain vigilant at all times and manage risks effectively.

In this market environment filled with opportunities and risks, rational analysis and cautious operations will be the key to success. Whether experienced traders or novice investors, everyone should closely monitor market trends and adjust strategies in a timely manner to respond to various situations that may arise.