$BTC Bitcoin Strong Recovery! Breaking through the key level of 119000, aiming for the pressure line of 120300

After a night of fluctuations and adjustments, the Bitcoin market has clearly completed its recovery trend. From a technical perspective, the hourly MACD indicator has formed a golden cross below the waterline, and the red bars are showing a continuous shrinking trend, currently approaching the zero axis and about to turn green. This signal clearly indicates that while short-term bullish momentum is converging, the overall recovery pace is stable, and the pullback strength is controllable, not undermining the previous rebound foundation.

At the same time, the 4-hour candlestick chart has continuously closed in the green, not only effectively stabilizing around the key support level of 117000 but also forming a strong rebound on this basis. In conjunction with the changes in volume, this rebound is accompanied by a moderate increase in trading volume, indicating that the support strength at the level of 117000 has been fully validated by market funds, with solid buying pressure and significant defensive counterattacks from the bulls at this position.

The current price has successfully broken through the integer level of 119000, and there has been no significant selling pressure during the breakout process. The price has formed a brief stabilization above this level, further confirming the validity of the breakout. The subsequent market trend is likely to launch an attack towards the previous pressure level of around 120300, which is not only a resistance area that has been unable to break through multiple times in the past but also a key point for measuring the strength of this rebound. If it can stabilize above 120300, it will further open up upward space, consolidate the short-term rebound trend, and lay a foundation for challenging higher price levels $BTC #BNB创新高 $ETH #BTC再创新高