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#BTC# BTC has reached 123300 this time; whether it can be determined as a short-term top still needs observation.
Currently, the market has experienced a slight pullback, with hourly resistance focused at 122000—if it can hold and recover this position, there is a possibility of continuing the breakthrough to higher levels; conversely, if it remains under pressure and cannot rise above, the pullback trend may continue.
The support below can first focus on the 120800 and 120000 levels. If these two positions are continuously broken, a small-scale short position can be considered. The lower target is tentatively set at the 117000 level.