The recent price movement of Bitcoin has shown certain fluctuations. On the four-hour chart, we can observe that the price experienced a slight pullback after reaching a high point. It is worth noting that this pullback found strong support near the middle band of the Bollinger Bands, demonstrating the resilience of the market.

Currently, the trading price of Bitcoin hovers around 120000, and the K-line chart shows that the price remains steadily above the middle band of the Bollinger Bands, which is often seen as a positive technical indicator.

From a short-term perspective, the market may experience a slight adjustment phase. Investors can closely monitor the price range from 118990 to 119550, as a potential support area may form here. If this area can effectively support the price, then we may see Bitcoin rise, with the next important target price possibly around 123500.

However, investors should keep in mind the high Fluctuation and uncertainty of the cryptocurrency market. It is essential to conduct thorough research and risk assessment before making any investment decisions. Closely monitoring market dynamics, staying vigilant, and formulating appropriate trading strategies based on individual risk tolerance is crucial.