Bitcoin continued its upward trend over the weekend, with a significant increase this morning, reaching a high of around 119500. This trend aligns with our previous expectations, rebounding from a low of around 111800. Currently, the overall trend of Bitcoin still shows strong rise momentum.

For short-term operations, investors can focus on the performance of the support levels below. If the support levels remain solid, it may be worth considering establishing long positions at lower levels. Specifically, close attention can be paid to the key price levels of 118800, 118300, and 117800. If the price reaches these levels but does not show a clear break, it could be a good buying opportunity at lower levels.

It is worth noting that market trends can change rapidly, and investors should take into account multiple factors when making decisions, including but not limited to the macroeconomic environment, changes in regulatory policies, and market sentiment. In addition, setting reasonable stop-loss and target profit levels is also an important part of risk management.

Currently, if you choose to build positions near the support level, the upward target can be temporarily set in the range of a rise of 500 to 6000 points. However, investors should flexibly adjust their strategies based on real-time market conditions, seizing potential upward opportunities while also guarding against possible downward risks.

Overall, the Bitcoin market is still full of opportunities and challenges. A cautious and flexible operating strategy, combined with strict risk control, will be the key to success in this highly volatile market.