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Bitcoin (BTC) is currently at a critical support level. If it can hold the two key points of 113,466 and 113,841, it is very likely to continue rising tonight, aiming to break through 116,000. If it successfully stabilizes at 116,000, it is expected to challenge higher levels of 119,000 to 120,000 this week.
Analysis indicates that Bitcoin is likely to continue its upward momentum tonight. The overall trend for this week remains bullish, consistent with previous forecasts.
For investors, entering the market during a price pullback may be a wise strategy. However, it is important to note that we may currently be at the tail end of a bull market. At this stage, the risks in the spot market have significantly increased, making it difficult to accurately predict when a sudden reversal may occur.
It is worth emphasizing that the cryptocurrency market always carries a high level of uncertainty. Investors should remain alert and manage risks appropriately. Before making any investment decisions, it is essential to conduct thorough research and analysis, and to formulate a suitable investment plan based on individual risk tolerance.
Overall, while Bitcoin may continue to rise in the short term, the volatility and unpredictability of the market remain high. It is crucial to maintain a rational and cautious attitude, and never blindly chase after rising prices or panic sell.