The price of Bitcoin has recently successfully broken through the wedge pattern formed at high levels, attracting market attention. However, this breakout did not immediately lead to the anticipated accelerated rise; instead, it continues to linger within a sideways fluctuation range, a situation that investors should be wary of.

Currently, although the price of Bitcoin has broken through the wedge channel, it lacks strong upward momentum, which may indicate that we are facing the risk of a false breakout. Investors should remain cautious and closely follow the further developments in price trends.

The market focus is now on the key resistance level of 120,000 USD. If Bitcoin can break through and hold this level strongly, it may trigger a new round of pump. Conversely, if it cannot break through, it may lead to a price pullback.

Investors can pay close attention to the price performance near the trend line in terms of support levels below. This area may provide important support during a price pullback.

Overall, although the breakout of the wedge channel is a positive signal, the market is still in a critical phase of uncertainty. Investors need to remain vigilant and closely follow the price movements, especially around the $120,000 mark, as well as the possibility of false breakouts. At the same time, attention should also be paid to the latest developments in the global macroeconomic environment and the cryptocurrency industry, as these factors may have a significant impact on Bitcoin prices.