The Bitcoin market has recently shown an encouraging trend. From the daily chart, the volume has decreased, but the price is still steadily rising between the middle band and the upper band, forming a strong pump candlestick. Investors should closely follow the resistance level near $120,800, while also paying attention to the support level around $116,800.

From the four-hour time frame, the volume continues to increase, and the price has broken through the upper band, showing strong pump momentum. The range from $118,000 to $117,500 may become an important support area. The hourly trend also shows a continuous upward trend, although the volume has decreased.

Comprehensive analysis indicates that the overall market trend is positive. Investors may consider buying on dips during pullbacks while remaining cautious and setting appropriate stop-loss positions. In the long term, Bitcoin is expected to challenge the important psychological level of 120,000 dollars.

In the short term, if the price falls back to the range of $117,800 to $118,200, it may create a new buying opportunity. Once it breaks through, the next target price level could be between $119,500 and $120,000.

However, the market is ever-changing, and investors should closely follow the real-time market trends and make investment decisions based on their personal risk tolerance. The cryptocurrency market is highly volatile, so it is advisable for investors to operate cautiously and manage risks appropriately.