Last night, the Bitcoin market experienced a roller coaster行情. Initially showing a rise, it encountered resistance after reaching a high of $119,675 and quickly fell back to a low of $117,620. However, the market demonstrated great resilience, quickly stopping the fall and rebounding, and is now fluctuating around $119,500.

The strong performance of Bitcoin shows a certain correlation with the movement of the US stock market. After the US stock market opened, Bitcoin briefly corrected and then rebounded again, indicating investors' continued confidence in the digital currency market.

From a technical perspective, the range of $118,000 to $118,500 may become a key support level. If it can stabilize within this range, there is a possibility of targeting a new high area of $120,000 to $121,000 in the future.

However, given the high volatility of the cryptocurrency market, investors still need to remain vigilant and manage risks effectively. It is recommended to fully consider one's risk tolerance and allocate assets reasonably when making any investment decisions.

Overall, Bitcoin has performed excellently recently, but there is still uncertainty in the market. Investors should closely monitor global macroeconomic conditions, regulatory policy changes, and other factors to timely adjust their investment strategies.