Bitcoin price has broken through the $122,300 threshold, attracting investor attention. Market analysis shows that it may be appropriate to consider moderately reducing some Spot positions at this time. After falling about 4,000 points from the recent high, Bitcoin is currently at the first important support level. If this support level fails to hold, the next key support level will be $117,782. A break below $117,782 may indicate that a short-term top has formed. However, it is worth noting that $123,218 is not an absolute peak; the market may still create new highs after a correction. Investors should closely follow these key price levels, rationally assess market trends, and make informed investment decisions. In the highly volatile Crypto Assets market, it is especially important to remain calm and conduct objective analysis.