Today’s Bitcoin Trend Analysis

Bitcoin is currently trading at 120,400, and is range-bound. Neither technical indicators nor external factors provide a clear single directional driver. A golden crossover in the moving average system reinforces bullish momentum. The price is approaching strong resistance at 120,300, further increasing the difficulty of an upward breakout. The daily chart shows a strong upward breakout trend, but may face short-term correction pressure. The daily MACD remains bullish, with signs of weakening 2-hour momentum emerging. The overall EMA trend remains upward.

Short-term strategy reference:

Long position at 118,000
Short position at 121,000