From the overall performance of Bitcoin in the current market, the market sentiment clearly leans towards a bullish dominance. Specifically, in the four-hour chart, although it briefly fell below the key level of 120000;

the subsequent pullback process maintained a solid support at the lower edge of the upward channel without breaking. Before any particularly negative news emerges, the bullish trend remains the main direction!

This means that the deep pullback in the evening did not reverse the overall upward trend, and the foundation for the bulls still exists!

Personal trading advice: Aggressive traders can buy below 119000 during the pullback, while conservative traders can position below 118300. The targets are 121300, 123000, and for a strong breakout, look at 125000! $BTC