The price of Bitcoin has climbed to the important resistance level of around $117,000, which has attracted significant attention from the market. For bullish investors, this may be a good time to consider taking profits. After all, in the current market environment, flexible swing trading may be more prudent.

It is worth noting that if Bitcoin fails to break through the key resistance level range of $117,000 to $117,500, the market still faces significant downside risks. Therefore, investors need to remain vigilant and closely monitor price movements.

As the US stock market is about to open, we may see significant fluctuations in the market. This time period is often a crucial moment in determining the market direction, allowing investors to more clearly assess whether the current rise can be sustained or if it is merely a temporary rebound.

During the period from the opening to the closing of the US stock market, the market is likely to form a clear direction. Both bulls and bears will engage in fierce competition during this process, ultimately determining the price trend in the short term. Whether investors are bullish or bearish, they should closely monitor the market performance during this time and adjust their trading strategies in a timely manner.

At such a critical moment in the market, it is essential to remain calm and rational. Investors should make cautious decisions based on their risk tolerance and investment goals, avoiding blind chasing of highs and cutting losses. At the same time, setting reasonable stop-loss levels is also an effective way to manage risk.