Bitcoin has recently shown a slight oscillation and pullback trend, but this does not mean that the overall trend has reversed. From the current market movements, BTC is unlikely to experience a significant fall. Even if a dip occurs in the short term, it is expected to quickly stabilize and rebound. If this oscillating pattern continues, it could very well trigger a wave of rebound.

However, before the trend structure is broken, investors should pay more attention to the opportunities presented by the pullback, rather than blindly being bearish. Technically, it is important to focus on the support level around $119,200 to $118,500. Bulls may consider positioning themselves near this range, with upper target prices to focus on being $120,500, $121,300, and $123,000.

It is worth noting that the current market sentiment remains relatively cautious, with bullish and bearish forces engaging in fierce battles at key price levels. Investors should closely monitor market changes, reasonably control risks, and avoid blindly chasing highs or panic selling. At the same time, it is important to be vigilant about potential sudden impacts from external factors on the market, and maintaining a calm and rational investment mindset is crucial.