Recently, the Bitcoin market has shown a typical oscillation pattern. Last night, the Bitcoin price briefly rose to around $119,500, but failed to break through the key resistance level, and subsequently fell back into a sideways consolidation state.

From a technical perspective, the hourly BOLL indicator shows three lines in a parallel state, indicating that the market is in a volatility compression phase. However, upon closer inspection, it can be observed that the middle band has started to deviate, which suggests that the balance of bullish and bearish forces may soon be broken, and the market may face new variables.

Based on the current market situation, investors can pay attention to the range of $119,500 to $121,000 as a potential shorting opportunity, with a target price set around $117,500 to $116,800.

In this market environment, it is crucial to maintain a stable trading rhythm. Investors should patiently wait for clear trading signals to emerge, and once the timing is right, act decisively. Remember, successful trading requires not only accurate market judgment but also the ability to seize the right timing.

Currently, the Bitcoin market is in a sideways consolidation phase, but potential changes are brewing. Keep a close eye on market trends and be well prepared, as you may be able to seize opportunities in the upcoming market movement.