The recent trend of Bitcoin has attracted attention, as the market quickly rebounded after hitting a low of 115560 dollars. The price has been fluctuating upwards, reaching around 117591 dollars at its peak. This trend signifies a significant change in the market landscape since the key turning point near 111800 dollars.

On the technical side, Bitcoin has formed a double bottom structure at a low level, which is typically seen as a potential reversal signal. As the bullish momentum gradually strengthens, the market has initiated a noticeable rebound trend. Although there have been some pullbacks during the process, the overall trend still leans towards the bulls.

From a medium-term perspective, the four-hour level trend still shows a bullish pattern. Market participants are generally focused on the $118,000 to $119,000 range as the next important resistance level. However, investors also need to be cautious of potential short-term pullbacks. If the price breaks through $119,000, it could trigger stronger upward momentum.

It is worth noting that if the four-hour chart closes below $116,000, bulls may need to reassess their strategy. If the price breaks below $115,500, the market may face further correction, with the next support level potentially around $114,100.

For investors looking for entry opportunities, a pullback around $115,500 may provide a better buying opportunity, but a stop-loss should also be set around $114,300 to control risks.

Overall, the current Bitcoin market is showing a positive rebound trend, but investors still need to remain vigilant and closely monitor the breakthrough or support of key price levels in order to adjust their investment strategies in a timely manner.