Recently, the Bitcoin market has experienced a sharp pullback, and investors need to remain vigilant. The key to market recovery lies in observing whether the coin price can break through and stabilize above $120,000. If the Bitcoin price fails to break through after reaching $120,000, or hovers around that level for more than 24 hours, it may indicate a deeper pullback is imminent. Typically, in a bull run, there is a quick rebound after such a big dump, but if the rebound is weak, investors need to prepare for a longer-term adjustment. Therefore, closely monitoring the market reaction at the $120,000 level is crucial, as it will be an important indicator for judging short-term trends. Investors should remain calm, avoid blind operations, and implement risk management to cope with possible market fluctuations.