The current situation has reversed, rebounding after reaching a peak and breaking through the support level of 118500 down by 600 points. I wonder if everyone is taking the opposite position for shorting based on the market data; many players have noticed that the recent BTC uptrend is due to news about the U.S. retirement market opening up to Crypto Assets investment, but the reversal in the current market is due to only one bill passing in Congress. The current support level has pulled back to 115000, and the resistance level has returned to 118500.
Although the 5-day moving average is about

The BTC trend is completely following my analysis from earlier this morning, and the current price has reached 120300 in line with the trend. It has now held above the key level of 120000. Although it is currently in a pullback phase, the pullback is an opportunity to enter a position.
From the chart, 120000 has turned from a resistance level to a support level, following the trend is advisable. The MACD generating a golden cross above the zero line indicates that the upward trend has not yet ended.
Operation suggestion
You can enter a position with a light load near 120400, and add to your po