Technical analysis shows that the situation of Bitcoin is complex. The technical aspect is bullish, but trading volume is shrinking, leading to a divergence in price and volume, which poses a threat to the upward movement. The moving average system is in a bullish arrangement, and the market sentiment is optimistic. The bullish engulfing pattern encourages a short-term rebound. A breakthrough at 119800 is key for upward movement; otherwise, a pullback may occur. In summary, Bitcoin is initially moving upward, trading volume is shrinking, and the trend depends on whether it can break through strong resistance levels.

Bitcoin: around 119500-120000, with 120500 as a supplement, and support looking at 118500-117300#BTC走势分析