#以太坊市场表现# Looking back at the history of Bitcoin, we can always see a reflection of market cycles. Today, seeing BTC return to $120,000, I can't help but recall the scenes from the bull run in 2017. At that time, it was also after breaking through an important threshold that market sentiment was instantly ignited. But the current situation seems to be more complicated.

Analysis shows that $117,000 has become the new support level, reminiscent of key price points during past bull-bear transitions. Each time the market hovers around such positions, it signals that a major move is imminent. The current target is $125,000, and if broken, $137,000 will be the next challenge.

However, after experiencing many ups and downs, I have learned not to be easily confused by short-term fluctuations. The key now is to observe the changes in chip structure and the MVRV indicator. These indicators often can predict market trends in advance, just like in the early stages of the 2018 bear market, when many people were still immersed in the fantasies of a bull run, but these indicators had already sounded the alarm.

Regardless, the current trend reminds us that the crypto market is always full of opportunities and risks. Past experiences tell us that staying rational and managing risks well is the way to survive in the long term. Let's continue to pay attention to the market, but also remember the lessons of history.