Today's Bitcoin market has shown a trend different from what was expected in the morning. The anticipated fall did not materialize; instead, the market quickly rebounded and entered a volatile upward trend.

The midday market shows that bullish forces are gradually strengthening and beginning to dominate the market direction. Investor buying sentiment has noticeably warmed up, and the market is presenting an upward structure in the short term.

From a technical perspective, there may be some resistance in the range of 116800 to 117300 USD, but the market is expected to challenge the 120000 USD level. If a pullback occurs, it is recommended to control risk within a 500-point range.

On the other hand, the range of $118,500 to $119,000 may form support. If this range is broken, the next support level could be around $116,000. Similarly, it is recommended to set a stop loss within a 500-point range.

The current Bitcoin market is showing positive signals, but investors still need to operate with caution and closely monitor market changes. In the short term, Bitcoin may continue to maintain a trend of fluctuating upward, but it is also important to be aware of the potential risk of a rebound.

It is worth noting that although the Bitcoin market shows positive signals, investors still need to remain rational and manage risks effectively. The market is volatile, and timely adjustments to strategies are crucial.