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Bitcoin (BTC) has recently attracted attention due to its price movement. If it can hold steady in the range of $118,500 to $120,000, investors may consider gradually establishing long positions, with a potential target price of $122,500, which may even extend to $124,200. However, there is uncertainty in the market; if there is a high Trading Volume break below $118,000, it is advisable to set a stop loss and maintain a wait-and-see attitude, paying attention to the $116,000 support level. It is worth noting that the latest U.S. Producer Price Index (PPI) year-on-year for July exceeded expectations, which may have some impact on the Crypto Assets market. Investors should closely monitor the potential impact of macroeconomic data on Bitcoin's price movement and adjust their investment strategies in a timely manner based on market changes.