As of October 5th, the price of Bitcoin (BTC) is showing a high-level sideways trend with a slight fall, and multiple time frame charts are indicating it is in a high range. From a short-term perspective, the 2-hour chart shows potential bearish signals, and investors need to closely monitor whether the MACD indicator on the 1-hour chart can form a golden cross pattern, which may signal a change in short-term trends.

Currently, the upper resistance levels that BTC is facing are 122,660, 123,218, and 124,474. The lower support levels are around 121,747, 121,022, and 120,134. These key price levels will affect the recent movement trajectory of BTC.

In terms of market sentiment indicators, the long-short ratio of BTC is 0.62, indicating a slight advantage for the bulls. The fear index is at 74, suggesting that the market is in a state of greed, and investors should remain cautious. Interestingly, the long-short ratio in actual trading is 80:20, while the overall network long-short ratio is relatively balanced at 48:52. This discrepancy may suggest differing views on the market outlook among different groups.

In the current market environment, it is recommended that investors remain rational and wait for clear market signals before taking action. At the same time, setting reasonable stop-loss orders is key to risk management. It is worth noting that the cryptocurrency market is highly volatile, and investors should make decisions based on their own risk tolerance.

Overall, the BTC market is currently at a critical decision point. Investors need to closely follow the changes in various technical indicators and market sentiment to seize potential investment opportunities. At the same time, they must always be vigilant about market risks and adopt appropriate risk management strategies.