The Bitcoin market has recently shown some noteworthy signs. Although the moving average trend remains positive, the KDJ indicator is flattening at a high level, indicating that the upward momentum may be weakening. At the same time, although the MACD red bars are expanding, there is a potential divergence, which is often seen as a possible reversal signal.

The price shows a明显的涨势放缓 as it approaches previous highs. In this case, investors may consider adopting a cautious short-term trading strategy.

For investors seeking trading opportunities, there are two key moments worth paying special attention to: first, when the price continuously forms upper shadows near resistance levels; second, if the price breaks below the trend line support on an hourly basis. Both of these situations may indicate the beginning of a downward trend.

However, regardless of the strategy taken, risk management remains the primary consideration. It is recommended to set stop-loss levels strictly and keep positions at a lower level, such as not exceeding 20% of total capital. It is worth noting that recent market volatility has increased, so operations should be more cautious to avoid overexposure.

Considering the current market situation, there may be a pullback risk in the range of 120,000 to 120,500, with potential downward target areas between 118,000 and 117,000. However, please remember that this is just an analysis based on current market signals, and actual trends may vary due to various factors. Investors should make decisions based on their own risk tolerance and investment objectives.