The crypto assets market has once again stirred, with Bitcoin successfully breaking through the highly watched $120,000 threshold in trading on October 3rd. This breakthrough was not easy, as Bitcoin had previously faced resistance near $119,000 multiple times, ultimately achieving the breakthrough driven by strong buying.

From a technical perspective, the breakthrough of $120,000 is significant. This level has transformed from a previous resistance level to a new support level, and if it can be firmly held, it will provide a solid foothold for the bulls. Market participants are now focusing on the range of $121,500 to $122,000, expecting that there may be some profit-taking pressure in this area. However, investors should also be cautious, as a pullback below $119,500 may indicate that this breakout lacks sustainability.

From the perspective of market sentiment, breaking through key integer levels often triggers a chain reaction, attracting more short-term speculative funds to enter the market. In the current macro environment, the market generally expects interest rates to potentially decrease, and the dollar shows signs of weakness; these factors have, to some extent, increased investors' interest in Crypto Assets.

Looking ahead, whether Bitcoin can hold above $120,000 will be crucial. If trading volume can continue to expand, bulls are expected to initiate a new round of upward momentum. Conversely, if this critical level cannot be maintained, the market may fall back into a sideways pattern.

Overall, the breakthrough of Bitcoin beyond $120,000 is an important technical and psychological milestone. Investors should closely follow the subsequent price trends and changes in trading volume to determine whether this breakthrough can be sustained, and subsequently decide on mid to short-term investment strategies. Regardless, the high volatility of the crypto assets market still exists, and participants need to remain vigilant and manage risks at all times.