Recently, the Bitcoin market has shown a volatile trend, which has left many investors feeling confused. However, a close observation reveals that as long as the price does not fall below the 115000 level, there will not be any significant changes in the short-term trend. The rebound in the early hours of yesterday, although it did not break through 121000, has already demonstrated the resilience of the market.

Currently, Bitcoin has touched a low of 117259, which can be seen as a 15-minute level correction. Next, we need to pay attention to whether it can hold the support level of 117000, and it is expected to rebound and break through the resistance level of 120300.

Despite the market fluctuations causing some investors to have doubts, even questioning whether the upward trend has ended, my personal view is that this round of increase has not yet finished and there is still a possibility of reaching new highs again. Therefore, without clear signals of a top, it is not advisable to blindly take a bearish stance.

From the 1-hour level, a short-term Rebound may occur, the key is whether it can break through 121000. If it successfully breaks through, it is expected to directly reach a new high near 126000. On the contrary, if the 1-hour level Rebound fails to break through 121000, a new round of fall may occur, testing the support level at 115000.

On the 15-minute level, short-term attention should be paid to whether it can maintain the support at 117000. If it successfully holds, a rebound may occur, targeting 121000. If it falls below 117000, close attention should be paid to the support situation around 115000.

Overall, the current market is at a critical position, and investors should remain vigilant, closely monitor the performance of various important price levels, and adjust their strategies flexibly. Although short-term fluctuations may intensify, in the medium to long term, Bitcoin still has upward potential.