Bitcoin has once again shown strong momentum, attracting market follow. Currently, we are closely following the key price level of $118,800. If the 4-hour candlestick Closing Price breaks above this point, it will indicate the end of the current pullback and the restart of the rise trend.

In this case, investors should pay attention to the following resistance levels: $119,611, $120,307, and $120,955. These price levels may become potential obstacles for Bitcoin's rise in the short term.

However, if the 4-hour chart cannot stabilize above $118,620, the current rebound may be limited to a strong pullback in the short term. In this case, we need to follow the following support levels: $117,450, $115,920, and $114,660. These price levels may provide some support during a Bitcoin decline.

For investors currently holding long positions, this is a moment that requires cautious decision-making. Whether to continue holding or to take profits depends on the further direction of the market and individual risk preferences.

It is important to note that before making any trading decisions, it is crucial to let the chart trends give clear signals. Stay alert and keep a close eye on market movements, as this will help make more informed investment decisions.

In this ever-changing cryptocurrency market, it is particularly important to remain calm and rational. Every market fluctuation may present opportunities, but it also comes with risks. Therefore, establishing a clear trading strategy, setting reasonable stop-loss levels, and constantly following market changes will be the key to achieving success in this market.