The recent Bitcoin market movement is noteworthy. According to wave theory analysis, combined with the price movement from September 17 and earlier, we can observe some important price levels. 124474 was once the peak of a rise wave, while 107255 was the low point of a fall. Currently, the market is experiencing a rebound that started from 107255, but this rebound seems to lack sufficient strength.

The trading volume indicator OBV has only recovered to around 113250, indicating that the current rebound may not be a strong driving wave. The key resistance range faced by the market is between 117896 and 119309. If the price encounters resistance near 117896, then this rebound is likely to end between 114000 and 113258. Once it breaks below this range, we may see the price move towards 111300 to 110200, and it might even test 107255 again, or further drop to 105386.

However, if the market can break through 119309 with strong trading support, this rebound may continue to extend. In this case, we can expect the price to move towards the two target points of 121688 and 123218. Only by breaking through these levels can there be a possibility to challenge the high of 124474.

Overall, the current Bitcoin market is at a critical turning point. Investors should closely monitor the price levels mentioned above, especially the two key levels of 117896 and 119309, as they may determine the direction of Bitcoin's price in the short term. At the same time, attention should also be paid to changes in trading volume, as only with sufficient trading volume support can the price break through important resistance levels and maintain an upward momentum.