The market trend of Bitcoin ( BTC ) still maintains a macro rise channel, and is currently at a critical period of short-term advancement. From the hourly perspective, the price has formed a bottoming pattern right at an important support area, which is a signal worth following. At the same time, the technical indicator KDJ shows signs of turning upward in the oversold area, providing some technical support for a potential rebound.

From a risk-reward perspective, the current market is in a relatively favorable position. The previous technical analysis expectations have been validated by the market, with signs of stabilization appearing after the lowest retracement point reached around 118000. This trend is highly consistent with previous judgments and confirms certain technical characteristics of the market.

Looking ahead, investors can maintain a cautiously optimistic attitude. If the current stabilization can be sustained, there is a possibility of a subsequent upward breakthrough to new highs. However, considering the high volatility of the cryptocurrency market, investors still need to remain vigilant when making decisions, closely following market trends and various potential influencing factors.

Overall, the Bitcoin market still shows certain rising momentum, but specific investment strategies need to be flexibly adjusted based on individual risk tolerance and real-time market changes. In this market environment full of opportunities and challenges, it is particularly important to remain calm and rational.