The morning Bitcoin market continued its strong rise, with short-term long positions remaining active. Although there was a slight pullback during the US trading session, buying quickly took over, and the overall market structure remains robust. Currently, the Bitcoin price is hovering around $123,272, with the four-hour Candlestick Chart showing continuous Bullish lines, and the moving average system displaying a long positions arrangement, indicating that the rise channel is still ongoing.

From a technical perspective, the recent resistance range is between $123,800 and $124,200. If this range is successfully broken, it may open up a new round of upward space. The support area below is around $122,500 to $121,800; as long as it does not fall below this range, the long positions pattern will not be affected. The trading volume is well-aligned, and the pullback can be seen as a normal process of turnover.

For investors, the overall strategy remains bullish, acting in accordance with the trend. Short-term pullbacks should be viewed as entry opportunities rather than risks. Once the price stabilizes at the support level, the likelihood of breaking upward again is high.

The specific operational suggestions are as follows: you can gradually establish long positions in the range of 122500 to 121800 dollars; set the target price at 124800 to 125500 dollars; if the price falls below 121500 dollars, it is recommended to strictly implement stop-loss.

Overall, the current trend of Bitcoin remains strong, and the short-term pullback may provide a good entry opportunity for investors. It is important to pay attention to rhythm control during operations, adopting a gradual layout strategy to avoid chasing highs or panic selling. Maintain a trend-following mindset and continue to hold a bullish perspective.