Bitcoin's recent trend continues to be strong, with bullish momentum still fierce. In the short term, Bitcoin's price is oscillating between $117,000 and $118,700, with volume contracting as market participants await a breakout direction.
From the hourly level, Bitcoin is currently in a consolidation phase. Bulls can pay attention to the opportunity to add positions at $117,800. A breakout above $118,727 may be considered for further buying, with target levels at $119,000 and $120,200. For bears, $117,047 is an important observation point, and a breakdown below could trigger a new round of dec
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