Recently, the Bitcoin market has shown a clear Rebound trend, but investors need to be cautious as this does not mean that the market has completely reversed. Nevertheless, the overall trend can still maintain a bullish logic.

From a technical analysis perspective, the golden cross pattern is continuing to develop upwards, which is a positive signal. At the same time, we observe that the momentum of the bullish candles is continuously strengthening and largely dominating the direction of the market. It is worth noting that the trading volume of the bulls is consistently being released, highlighting the presence of a strong bullish trend in the current market, laying a solid foundation for the upward movement.

Considering these factors, we believe there may be investment opportunities in the current market. We suggest that investors closely monitor market pullbacks and consider positioning long orders at the appropriate time. Specifically, attention can be focused on the price range of 118400 to 119000, which may be a relatively ideal entry point. If the market continues to improve, it is not ruled out that Bitcoin prices could aim for levels of 120000 to 122000.

However, we also want to remind investors that the cryptocurrency market is highly volatile, with risks and opportunities coexisting. Before making any investment decisions, it is essential to conduct thorough research and risk assessment, and to develop an investment strategy based on one's own risk tolerance.