Recently, Bitcoin's market performance has been impressive, and the sustained bullish trend has been perfectly validated. The coin price surged to 119450 after breaking through the key level of 118800, followed by a slight pullback to around 118400. This trend fully reflects the strong momentum in the market.

From the daily chart, the appearance of the large bullish candle further confirms the dominance of the bulls. It is worth noting that after the previous bottoming, the market has hardly experienced deep adjustments, a phenomenon that usually indicates a strong sustainability of the rising trend. The current pullback can be seen as a healthy correction within the trend and should not cause excessive worry.

For investors, the current market environment is still suitable for maintaining a strategy of low buy bullish positions. Attention can be paid to the support level around 117500, where there might be a good entry opportunity. If the breakout continues, Bitcoin is expected to challenge the target range of 120000 to 122000 in the short term.

Of course, while seizing opportunities, one must also pay attention to risk management. The cryptocurrency market has always been highly volatile, and investors should reasonably allocate assets based on their own risk tolerance. In addition, it is important to closely monitor changes in the global macroeconomic situation and regulatory policies, as these factors may have a significant impact on Bitcoin prices.

Overall, the current Bitcoin market shows a positive rising momentum, and it is expected to continue creating new highs in the short term. However, investors should also remain rational and manage risk while pursuing profits.