Bitcoin's recent performance is noteworthy, successfully breaking through the triangular formation, showing potential for continued rise. Despite strong performance in the Asian markets, there has been some profit pullback in the European and American markets, but the overall upward momentum remains.

Currently, $116,817 has become a key price level. As long as Bitcoin can hold this level, there is still upward momentum for the future. Market participants are closely watching the upcoming US CPI data. If the data exceeds expectations, it may affect the market's expectations for interest rate cuts this year.

However, overall, as we enter a relatively quiet season, the rise of Bitcoin may become moderate and show a steady upward trend. Some analyses indicate that funds continue to flow into the cryptocurrency market, and patient investors may see substantial returns by the end of the year.

In addition to the key level of $116,817, $111,944 and $106,000 are also important support levels. In the short term, both buyers and sellers maintain an active attitude. The next target price for the market is $122,282, whether it can break through this level remains to be seen.

Overall, the trend of Bitcoin is somewhat optimistic, but risk factors still exist. For investors, it is crucial to remain calm and rational, and to adopt a prudent investment strategy. Avoid impulsive trading and carefully assess market changes in order to achieve long-term success in this cryptocurrency market full of opportunities and challenges.