Odaily Planet Daily News: Trader Eugene wrote that if BTC cannot strengthen and regain $120,000 as soon as possible, it will affect the overall market sentiment. It is currently fluctuating between $112,000 and $120,000, and is gradually consuming the upward momentum of other assets. He said that if BTC successfully breaks through $120,000, ETH is expected to reach $4,000 and maintain an exchange rate of 0.03. At that time, the market will regain bullish momentum and it will be suitable to continue to go long; but if BTC falls below $112,000, the structural opportunity for going long in the medium term will no longer be considered.