The price movement of Bitcoin shows interesting patterns. Observations reveal that night-time periods are usually accompanied by a pump trend, which aligns with the active times of European and American investors. Currently, Bitcoin may be forming a double bottom pattern. According to Technical Analysis, we need to follow the neckline position at 124,000. If the price can break through this key level, then the rise trend will be further established and may even challenge previous highs.

For investors, tonight's market movement is worth closely following. If the price can rebound near the neckline, it may be worth considering moderate profit-taking on previously established positions at lower levels. At the same time, continue to observe whether the neckline can be broken, as this will be an important indicator for determining the future market direction.

It is worth noting that the Bitcoin market seems to form certain patterns: the Asian trading session often shows a downward trend, while the influx of American funds usually leads to a rebound. Therefore, even considering reducing positions, one should not rush to sell during a significant drop in the Asian session, as this may result in transactions at a lower price. Instead, one can choose to gradually reduce holdings during the nighttime rebound period.

As an investor, it is crucial to maintain rational judgment. Do not blindly chase rises and sell on dips, nor be swayed by short-term market emotions. Calmly analyze the market trends and formulate reasonable trading strategies to achieve better returns in this volatile market.