The Bitcoin market has recently shown a positive trend. The whale pattern has fully formed and successfully broke through the downward structure on the 1-hour chart, which is a very strong market signal.

From a technical analysis perspective, a structural bottom has emerged on the 1-hour chart, providing support for a short-term rise. However, investors still need to closely monitor the possible pullback situations.

For investors looking to enter the market, it is recommended to build positions in batches during the pullback. Based on the current market situation, the short-term target price may be around $116,000, while the mid-term target price could exceed $120,000.

It is worth noting that although technical indicators show bullish signals, the volatility of the cryptocurrency market remains high. Investors should consider multiple factors when making decisions and always maintain risk awareness.

As market sentiment gradually warms up, we may see more institutional and retail investors re-entering the market. However, the uncertainty of the regulatory environment and the global macroeconomic situation remain important factors influencing Bitcoin prices, which require ongoing attention.