Regarding whether Bitcoin can break through 120,000 USD this week, there are factors supporting and suppressing the breakthrough in the current market. I have整理了 longer viewpoints and key data for you, hoping to provide a reference for your judgment.

The table below summarizes the main longer and shorter factors in the current market, allowing you to quickly understand the overall situation.

Factors Supporting Breakthrough 📈 Factors Inhibiting Breakthrough 📉
Bullish technical pattern: A potential bullish triangle flag has formed, and after breaking through the $115,000-$120,000 resistance zone, the next target is around $134,000. Key technical resistance: $115,000 to $120,000 is currently the key resistance zone, and only after a successful breakout can further upward space be opened.
Institutional fund inflow: Bitcoin spot ETFs maintained stable net inflows in the third quarter; some analysts pointed out that institutional investors tend to buy on price pullbacks. Short-term selling pressure: The current price is below the 50-day moving average, and the MACD indicator shows "strong sell," indicating that there is still selling pressure in the short term.
Macro liquidity easing: The Federal Reserve previously injected liquidity into the market and has expectations of interest rate cuts, which historically supports risk assets like Bitcoin. Market overheating risk: Some on-chain indicators (such as MVRV-Z) show that valuations are in the "overheated" zone, although there has been some recent cooling.
Market sentiment is stable: On-chain data shows that the selling pressure from long-term holders is decreasing, and the market may enter a new accumulation phase. Large short positions: There are approximately $4.2 billion in short positions in the market, which may limit the momentum for price increases.

🔍 Key points to pay attention to before making a decision

In addition to the long and short factors in the table, it is recommended that you pay special attention to the following points before making a judgment:

· Focus on key price ranges: This week, the most important areas to watch are the support zone of $108,000 - $110,000 and the resistance zone of $115,000 - $120,000. A price stabilization above the support level and a successful breakout of the resistance level are key signals for the continuation of the upward trend.
· Recognize the other side of the market: It is important to realize that the success rate of technical formations is not 100%. Historically, the probability of bullish pennant breakout failures is also not low. At the same time, if the price fails to hold the support, it may further test the $100,000 level.

💎 Summary and Recommendations

Overall, Bitcoin has the potential to break through $120,000 this week, but the process will not be quick. The key to the breakthrough lies in whether it can successfully overcome the resistance zone of $115,000-$120,000.

For short-term trading, you can:

· Pay attention to breakthrough confirmation: patiently wait for the price to break through key resistance levels with volume before considering action, to avoid blindly chasing highs.
· Set up risk control: If you are going to trade, be sure to set a stop loss, for example, set the stop loss below the key support level.

For long-term holders, you can:

· Ignore short-term fluctuations: Focus on the long-term value narrative of Bitcoin, such as institutional adoption and its inherent scarcity.

#BTC是否会突破12万