The current Bitcoin market is in a complex recovery phase. After experiencing a significant fall previously, we can observe that the price is slowly rising. This slow upward trend seems to indicate that the impact of Large Investors dumping is gradually fading.

However, from a technical analysis perspective, the current candlestick pattern exhibits a bearish engulfing feature, which may indicate a potential reversal downward trend. Based on this market pattern, some analysts boldly predict that the price of Bitcoin may first rise to around $120,000 high, and then possibly fall back to around $115,000.

For trading strategies, it is recommended that investors consider looking for short opportunities in the area above $119,500, while considering long positions in the area below $115,500. However, it is important to emphasize that the cryptocurrency market is highly volatile, and investors should act with caution and manage risks appropriately.

It is worth noting that this is just an analysis and prediction based on the current market situation, and the actual market trends may change due to various factors. Investors should conduct thorough research and analysis before making any investment decisions and develop appropriate investment strategies based on their risk tolerance.