The Bitcoin market has been active recently, with prices soaring to a high of $124,500 this morning. However, there was a high-level fluctuation around the $123,500 mark shortly after. From a Technical Analysis perspective, a slight pullback may occur in the short term, but the overall market still shows an upward trend.

Analysts expect this pullback to potentially reach slightly above the $123,000 position, followed by a period of consolidation, with the possibility of breaking upwards again. From the daily chart and the analysis of various time frames, market signals consistently indicate a rising trend.

It is worth noting that this wave of rise is strong and likely to break through the previous high points, potentially pushing the Bitcoin price to challenge the $125,000 mark. However, investors should remain cautious, closely monitor market changes, and manage risks appropriately.

Although there may be fluctuations in the short term, the Bitcoin market still shows strong rising momentum in the medium to long term. With institutional investors continuing to enter and the regulatory environment gradually becoming clearer, the investment value of Bitcoin is increasingly recognized. However, the cryptocurrency market has always been highly volatile, and investors must remain clear-headed and manage risks when participating.