Bitcoin Remains High: As of July 20, the price of Bitcoin (BTC) slightly pulled back from last week's historical high of $122,000, dipping to a weekly low of around $117,000, and closing at around $119,000, with a weekly decline of about -2.5%. After several weeks of rising, BTC has entered a short-term consolidation phase. Despite the price pullback, trading activity remains robust. Market analysts believe that the current trend of Bitcoin is mainly influenced by short-term profit-taking, but the overall trend remains strong. Investors are closely following the Fed's policy meeting at the end of July, and once the expectation of interest rate cuts materializes, BTC may re-challenge $125,000.