Recently, Bitcoin has repeatedly tested the 120,000 mark, but each time it has surged and then retreated, failing to break through and stabilize. However, once it breaks and stabilizes above 120,000, BTC will definitely refresh the previous high of 123,000 and set a new historical high. In September, the Federal Reserve is expected to cut interest rates by 25 basis points. With this significant positive factor, Bitcoin is likely to break through 123,000 and reach a new high around the time of the rate cut. Hold onto your spot.