According to the latest market analysis, Bitcoin is showing positive signals on the daily chart. The Bollinger Bands are opening upwards, and three consecutive bullish lines indicate that the long positions structure remains solid. However, on the 4-hour level, the MACD red bars are decreasing in volume, and the KDJ indicator is showing fatigue at high levels, which suggests potential pullback pressure in the short term. Nevertheless, the bullish pattern has not been broken, and the key support level remains intact.

The hourly level trend is even more encouraging. The market has formed a double bottom rebound structure, and the low point from earlier this morning has not been broken, indicating that the upward momentum is still ongoing. Currently, Bitcoin's key price range is between $117,200 and $116,700. If this range can be broken, there is a possibility of launching an attack towards the $12,000 mark.

Overall, although there may be some volatility in the short term, the overall trend of Bitcoin remains positive. Investors should closely monitor the performance of key support levels while being alert to potential pullbacks. In the current market environment, it may be wise to maintain a cautiously optimistic attitude.