After the adjustment of Bitcoin yesterday, it continues to rise, currently approaching around 119500 again. Although there is some resistance at the 1-hour level, there has not been a significant selling pressure yet, and the overall sentiment remains bullish, with a focus on low buy operations.
If it can successfully break through the resistance level around 1195000, the next target can be the previous high, with a double top at the 4-hour level. If there is a sudden large selling pressure accompanied by a noticeable drop, we need to wait for the market to show direction before observing further.
Operational suggestion: Buy on the pullback at 118000-118500, with a stop-loss at 117500. Currently, we are looking at the neckline position around 119500. If it breaks above, we will look at the previous high position of 123000.
