What are the best 4K 120Hz gaming monitors under $1000?

[John19]

I'm building a new PC centered around a high-end graphics card and want to finally upgrade to a true 4K gaming monitor, but I'm torn between prioritizing a high refresh rate like 120Hz or going for superior HDR and color accuracy. My budget is around a thousand dollars, and I'll be using it for both competitive shooters and immersive single-player games. For gamers who have made a similar jump, what are the best gaming monitor models in the 4K 120Hz range that balance performance with image quality? Is HDMI 2.1 a non-negotiable feature for future-proofing with consoles, and how much of a real-world difference do panel types like fast IPS versus OLED make in terms of response time and potential burn-in for desktop use?