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The price of Bitcoin continued to fall after the U.S. stock market opened in the evening, and it has now dropped below the $123,000 mark. Although the price has been declining in the short term, the bullish momentum still exists from a medium to long-term perspective, and the subsequent outlook tends to remain bullish.
It is recommended to wait for a slight price fall to around 124000 to set up long positions, with the initial target looking towards above 125000. If the market performs strongly, further attention can be paid to the new high position near 127600.
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