The Bitcoin market is at a critical moment. Currently, we observe that the resistance levels above are at 118480, 119077, and 120300. The support levels below are set at 117500, 115979, and 115186.

Earlier today, Bitcoin formed a bottom pattern on the 15-minute and 30-minute charts, followed by a rebound towards the zero axis on the 15-minute chart. This trend suggests that as long as we do not break below the key support level, we are likely to witness a rebound market today.

For bullish investors, breaking and holding above 120000 will be an important signal, providing clearer confirmation for the bullish trend. However, we also need to be wary of potential risks. In particular, the occurrence of a top divergence on the 2-day chart may pose a risk of falling back to the zero axis if it fails to close at a high.

Overall, the current market shows a cautiously optimistic trend. Investors should closely monitor the changes in these key price levels and adjust their strategies in a timely manner according to market trends. At the same time, it is important to always keep in mind the high volatility of the cryptocurrency market and to manage risks effectively.