The price of Bitcoin has once again shown strong momentum, quietly breaking through the upper resistance during the night, briefly reaching a high of $120,300, before falling back to around $119,166. However, this is not the end of the market trend, as the price quickly rises again. During the day, the 4-hour chart shows a fierce struggle between bulls and bears, with prices constantly oscillating within a range. This round-the-clock market activity raises the question: are foreign traders also sleepless, trying to take advantage of the time difference?

From a technical perspective, the key resistance level that Bitcoin is currently facing is around $119,000. If it can effectively break through this level, bullish forces are expected to gain further advantage. On the other hand, the support level below is around $118,300. If this key point is broken, a technical rebound may occur at the 4-hour level.

The volatility and uncertainty of the Bitcoin market once again highlight the high-risk nature of cryptocurrency trading. Investors need to maintain a clear mind, manage risks, and stay alert to market trends while participating. At the same time, this rapidly changing market environment also provides potential profit opportunities for experienced traders.

Regardless of how the market changes, it is crucial to maintain the ability to learn and adapt. For those passionate participants in the cryptocurrency market, continuously paying attention to market analysis and professional insights will help better seize opportunities in this challenging field.