#比特币走势观察 Bitcoin recently rebounded strongly, once again standing above the important psychological level of 120,000 yuan, sparking heated discussions in the market. This trend is attributed to the improvement of the macroeconomic environment and the optimistic expectations for the approval of cryptocurrency ETFs. From a technical perspective, after breaking through key resistance levels, Bitcoin's upward momentum is strong, but trading volume has not significantly increased, indicating that some investors remain cautious. In the short term, caution is required regarding the risk of a pullback. Investors should pay attention to stability above 120,000 and the flow of market funds, reasonably plan entry timing, and avoid potential losses from chasing high prices.