From the 12-hour chart of the recent Bitcoin price movement, the market has once again returned to a consolidation range. Yesterday's candlestick pattern showed a long lower shadow, which often indicates that there is strong support in the market.

The current market performance seems to be sending us a signal: although there has been a pullback in the short term, the overall structure remains solid, and the bullish trend continues. Based on this assessment, we have reason to believe that, in the near future, Bitcoin is likely to challenge and break through the new high of $123,200 again.

It is worth noting that the current pullback phase may provide investors with a rare entry opportunity. Historical experience shows that such brief price retreats are often the last chance before the next round of frenzy increases. Therefore, for those investors who have been observing, now may be a time worth serious consideration.

However, we must also remain vigilant, as the cryptocurrency market has always been highly volatile, with risks and opportunities coexisting. Investors should conduct thorough research and risk assessments before making any decisions to ensure that their investment strategies align with their personal risk tolerance.