Recently, the Bitcoin market has shown a positive trend. Observing the 4-hour Candlestick Chart, we can see that the price has successfully broken through an important resistance level and is firmly standing above the key moving averages. This trend is encouraging and suggests that the market may be entering a new rise channel.

It is worth noting that the Bollinger Bands indicator shows that the opening is widening, and the price is continuously rising close to the upper band. This technical pattern usually indicates that bullish strength is accumulating, and upward momentum is continuously increasing. Such a strong upward trend undoubtedly presents opportunities for short-term traders.

Based on the current market situation, traders may consider establishing long positions in the range of $118,500 to $119,300. If the market continues to improve, the target price can be set in the range of $121,500 to $122,000. However, investors must remember that the cryptocurrency market is highly volatile, and it is essential to strictly control risk and set reasonable stop-loss levels when executing any trading strategy.

Overall, Bitcoin's current trend shows a certain potential for rise, but market participants still need to remain vigilant and closely monitor changes in various technical indicators and macro factors, adjusting strategies in a timely manner.