From the current market observation, Bitcoin's adjustment and repair trend over the weekend appears particularly strong.

Generally speaking, the weekend market is mainly characterized by fluctuations and adjustments, but this round has strongly surged to around 119,000, nearly recovering all previous losses.

However, it is important to note that there is still significant resistance at the upper integer level of 120,000. Considering the current release rhythm of bullish momentum, the probability of a breakout in the short term is low.

On the four-hour level, the overall structure is still a wave-shaped decline, with high points gradually moving downward and support levels continuously being broken. Although there has been a three-day consecutive rebound, the trading volume has not effectively increased, and the sustainability of the rise still needs to be observed.

On the hourly chart, the market is in a phase of range-bound fluctuations, and it is expected that a directional choice may only come after the opening of the U.S. stock market in the evening. The daytime is likely to maintain a fluctuation pattern within a thousand points.

In terms of operational strategy, maintain a high short and low long strategy.

Resistance range: 119,800-119,300

Support target: 118,000-117,500