Recently, the performance of the Bitcoin market has attracted attention. After continuously breaking historical highs, there has been a noticeable demand for adjustment in the market. Coupled with macroeconomic factors such as CPI data and employment expectations, this has led to the digital money market retreating in sync with the US stock market.

Currently, Bitcoin is in a consolidation phase after a pullback. Investors should focus on the key resistance level of $122,300. Short-term trading strategies can revolve around this price level:

If the price fails to break through this resistance level, the market may enter a new round of correction, probing the support range of $119,000-$118,000. Conversely, if the price successfully breaks through $122,300, the rebound trend may continue. At this point, the $123,500-$124,000 area can be regarded as a new rebound resistance level, and short-term short positions may be considered at the right time.

It is worth noting that the medium to long-term short positions established at $126,000 should still be held as originally planned, waiting for further changes in the market.

The current market situation is complex and changeable, and investors need to remain vigilant, closely monitor various technical indicators and market news, and adjust investment strategies in a timely manner. At the same time, attention should also be paid to risk management and reasonable asset allocation to cope with potential market fluctuations.