Recently, the Fluctuation of Bitcoin has intensified, with the price dipping below 121,000 USD at one point. On the surface, this seems to indicate a poor market trend. However, upon closer examination, we can identify some potential pump momentum.

From a market trading perspective, despite large holders having sold tens of thousands of Bitcoins previously, the price still maintains around $120,000. This indicates that the market has a strong absorption capacity, and the buying power remains robust.

From a technical analysis perspective, although there has been a certain degree of correction recently, the moving average system still presents a bullish arrangement, and the Relative Strength Index (RSI) is also in a strong zone. These indicators collectively suggest that the market's potential upward momentum is still present.

It is worth noting that after the market adjustment from the end of July to the beginning of August, Bitcoin is likely to once again embark on a pump trend driven by expectations of interest rate cuts. Therefore, as long as Bitcoin can consolidate around the support level of 120,000 dollars, the possibility of breaking through the 125,000 dollar mark still exists.

In the current market situation, investors should closely monitor the price trends of Bitcoin and macroeconomic factors to grasp potential investment opportunities in a timely manner. However, given the high volatility of the cryptocurrency market, investors should also act with caution and implement risk management.