BTC:Caution should be exercised

In early trading today, Bitcoin briefly surged to a high level before plunging sharply, and finally stabilized with fluctuations around the 122000 mark.
The 125000-126000 range is a cluster of previous highs, is rife with a large number of trapped positions and profit-taking positions. Sustained expanded trading volume is required to achieve an effective breakthrough, and it will be quite challenging to break through in the short term.
Caution should be exercised regarding the impact of factors such as a leverage liquidation wave, a policy shift at the Federal Reserve's December FOMC meeting, and increased volatility amid the high valuation of global cryptocurrencies on the trend.

Buy 121100 - 121500 TP 122000 - 122500 - 123000

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