Recently, the crypto assets market has shown new trends, especially the movement of Bitcoin which is particularly noteworthy. Analysis indicates that the falling trend starting from $11.2 may be nearing its end or may have already ended. Currently, the movement on the 4-hour chart has broken above the consolidation range, indicating that the falling phase from $12.33 to $11.18 has been completed.

A new uptrend starting from $11.18 is forming, and this wave of increase belongs to a new trend at the daily level. It is worth noting that the structure on the 4-hour chart is complete, showing a tendency to rise again after a pullback, while the trading volume is gradually increasing. These factors all suggest that this wave of upward momentum is strong and may last for a while.

In the short term, this upward structure at the 4-hour level is likely to continue. Market participants can focus on the target level around $12.1, which aligns with the 1.13 position of the previously mentioned harmonic pattern.

For market participants, it is essential to closely monitor the following key price levels:
1. Resistance levels above: $11.74 and $11.86. When the price approaches these levels, it may encounter certain resistance.
2. The previously mentioned $11.57 is also an important reference point. If the price breaks through this level again, it is likely to continue upward.

Considering that the current trend has turned bullish, it is recommended that traders who previously held short positions carefully evaluate their strategies and may need to consider measures such as stop-loss or reducing positions.

Overall, the Bitcoin market currently shows positive upward momentum, but investors still need to act cautiously, closely monitor market changes, and manage risks effectively.