Bitcoin's recent trend has drawn attention, with the price breaking through an important key level.

From a technical analysis perspective, the BTC price has successfully broken through the descending trend line, which is a noteworthy positive signal. Previously, the price level of $115,700 had blocked Bitcoin's upward momentum three times, but now the price has clearly surpassed this level, showing bullish potential.

For short-term traders, it may be worth considering establishing long positions during price pullbacks, but it is essential to closely monitor support levels. If the price falls below support, timely stop-loss should be executed.

However, we cannot ignore that the descending trend line in the larger time frame is still under pressure. The current price is still below this trend line, so from a longer-term perspective, shorting at high levels remains a viable strategy.

For investors who are bullish on Bitcoin, it is recommended to wait for the price to break through the major descending trend line before taking action. Once the breakout is successful, the next important target range may be between $120500 and $120900.

It is worth noting that $112,000 is a key support level. If the price falls below this level, the market risk will increase significantly. Therefore, this price point is also an ideal area to establish low-risk long positions.

Overall, the Bitcoin market is currently at a critical turning point. Investors need to closely monitor technical indicators and price actions, adjusting their trading strategies in a timely manner based on market changes. Whether bullish or bearish, risk management is essential.