#加密市场行情分析# The recent trend of Bitcoin is indeed quite interesting. I see that market liquidity is gathering around the $120,000 mark, which could be a key price level. However, I am more concerned about the support level of $112,000 in the short term; if it falls below this level, it could trigger a sharp decline. The current pullback actually aligns with bull run characteristics, reminding me of the situations in 2017 and 2021. At that time, after similar pullbacks, Bitcoin reached new highs. However, the difference now is that regulatory pressure in the United States has clearly increased. I will continue to observe the actions of several experts to see how they respond to this situation. After all, practice brings true knowledge; relying solely on analysis is not enough, the key is to seize opportunities amid market fluctuations.