The Bitcoin market has recently shown a positive development trend. On the daily chart, we can observe a bullish belt hold with a long lower wick, which is often seen as a long positions signal. The price has broken through key resistance levels, indicating a significant increase in pump momentum, while the bottom support has also become more solid.

From a shorter-term 4-hour timeframe, the situation looks more optimistic. The Bollinger Bands indicator shows a rapid rebound after the price hit the middle band. The three Bollinger Bands lines began to expand upwards after the price stabilized at the middle band, and this band change resonates well with the price movement, suggesting that the upward space may further expand.

Based on the current technical analysis, the Bitcoin market shows clear bullish signals in the short term. Investors should closely monitor whether the price can break through key resistance levels and the sustainability after the breakout. If it can effectively break through, the next potential target may be around $119,500. However, there may also be some resistance around $117,200, and investors should remain vigilant and practice risk management.

Overall, the Bitcoin market is currently showing a positive technical outlook, but investors still need to operate cautiously, closely monitor market changes, and adjust their strategies in a timely manner.