The price of Bitcoin reached a new high in last week's trading, breaking the 120,000 barrier. This historic breakthrough has excited many investors. However, despite the strong market performance, we must remain cautious.

Recently, the cryptocurrency market has soared without any significant pullbacks. This continuous upward trend has caught many analysts, who previously held bearish views, off guard. However, in the current market situation, blindly chasing high prices is not wise.

Although the market sentiment is optimistic, we should not ignore the potential risks. As the saying goes, 'In an avalanche, no snowflake is innocent.' This reminds us that during periods of severe market volatility, all participants may be affected.

Therefore, for investors, it is time to reassess strategies. While maintaining optimism, it is also necessary to manage risks effectively. Consider taking moderate profits or setting stop-loss orders to protect existing gains. At the same time, closely monitor market changes and adjust the investment portfolio at any time to seize opportunities and control risks in this bull market.