The Bitcoin market has finally welcomed the long-awaited breakthrough, successfully crossing the key trend line. This trend exhibits both strong and cautious market characteristics, reminiscent of the previous situation when Ethereum broke through its key level.

From a technical analysis perspective, the minor ascending trend line has become the current focus of the market. The price is currently above the trend line, which provides a potential entry opportunity for bulls. However, investors need to remain vigilant and closely monitor the key support level of 115700. If the price breaks below this level, it could indicate a signal of trend reversal.

115700 is not only an important support level but also an exchange point between support and resistance. A rebound opportunity may arise near this level, providing potential profit space for short-term traders.

Looking up, the main resistance levels the market is facing are between 119500 and 120500-120900, with the latter being particularly critical. These levels could become significant obstacles for the bulls to continue pushing forward.

For investors who previously established long positions around 112000, now may be a good time to reassess their positions. Considering the market has already seen a considerable increase, it might be wise to reduce positions appropriately.

Overall, the Bitcoin market is at a critical technical position. Investors need to closely monitor the interaction between prices and key support and resistance levels, while also being vigilant about potential sudden market movements. In this environment filled with opportunities and risks, maintaining rationality and caution is crucial.