Bitcoin price has once again climbed to the key resistance range around $119,500-$120,300, and market participants are closely monitoring this important level. If this range is broken, it could initiate a new round of pump. However, this price level also provides an opportunity for shorting in the short term. Technical Analysis shows that if the price cannot break through $120,300, it may retreat to around $112,000 for a second test. For risk-seeking traders, there may be a potential trading opportunity here, but it is essential to carefully set stop loss and take profit levels. In any case, the current Bitcoin market is at a critical decision point, and the upcoming trend will have an important impact on the short-term market direction. Investors should closely monitor price movements and make judgments based on their own risk tolerance.