Recently, the Bitcoin market performance has met expectations, successfully building support around $118,500 and showing a V-shaped rebound, once again approaching previous highs. The market is currently facing two possible directions: continuing to oscillate within the range or breaking through to new highs.

Comprehensive analysis of the technical indicators on the 4-hour, 6-hour, 12-hour, and daily charts reveals potential reversal risks in the market. Currently, we are closely monitoring changes in the short-term indicators. If this pullback deepens, the price may fall back to around $110,000, which could even signify the end of this round of increase.

Based on the analysis of the market indicators, we have observed some signs that could lead to a market reversal. Considering the current market conditions, we suggest that investors holding spot can consider gradually reducing their positions. This applies not only to Bitcoin (BTC) but also to other mainstream cryptocurrencies, including Ethereum (ETH) and Solana (SOL).

In the upcoming market, investors should remain vigilant and closely monitor changes in various technical indicators. Based on the performance of the indicators, decide whether to re-enter the market. Remember, in the cryptocurrency market, risk management and flexible strategy adjustments are crucial.

Regardless of how the market develops, maintaining a calm and rational investment attitude is always a wise choice. Continuous learning and analyzing market dynamics will help make better investment decisions in this highly volatile market.