The Bitcoin market is at a critical moment, and investors should closely follow the important price level of 119,670. If the 4-hour Candlestick can hold above this level, it may indicate that the short-term adjustment has ended and the market is expected to start a new round of pump.

During the potential pump process, investors need to pay attention to several key resistance levels: around 120,775, 122,300, and 123,300. These price levels may become important thresholds that restrict Bitcoin's rise in the short term.

However, if the market fails to break through the key position of 119,670 during the night, it may indicate a lack of sufficient upward momentum. In this case, we may see a price pullback, and investors should follow several important support levels: around 118,200, 117,345, and 116,440. These levels may provide some support during the decline.

For traders, understanding the importance of these key price levels, combined with other technical indicators and market sentiment, can help develop more effective trading strategies. Whether looking for breakout opportunities or mitigating risks, staying vigilant and maintaining a flexible trading mindset is crucial.

Overall, the Bitcoin market is currently at a critical decision point, and the future trend will depend on whether it can hold above or break through these important price levels. Investors should remain cautious, closely follow market movements, and adjust their trading strategies in a timely manner based on the actual situation.