The current Bitcoin market is undergoing a whipsaw phase, testing the patience and determination of every investor. Long positions hope that the price of Bitcoin can break through the $120,000 mark, which would also drive the pump of other crypto assets. However, the reality is that despite Bitcoin's strong performance, other crypto assets have failed to rise in sync, showing signs of weakness at the slightest pullback.

Looking back at the recent market trends, the current prices of many Crypto Assets still have a significant gap compared to their previous highs. It is noteworthy that the futures market is still dominating the trends. In the short term, if Bitcoin cannot break through the critical resistance level of $119,700, the market may maintain its current pattern. However, if it successfully breaks through, it could quickly push up to $122,000, triggering a mass liquidation of short positions.

For trading strategies, overly macro layouts may lead to missed profits. Therefore, adopting swing trading might be wiser. However, controlling the greed within human nature remains a challenge. After experiencing a round of small profits, there is always an impulse to pursue larger gains.

In the current market situation, investors need to remain calm and rational, carefully assess risks and opportunities. Closely monitoring market trends and adjusting strategies in a timely manner may be a wise choice to cope with this complex and ever-changing market.