Today, the Bitcoin market is showing a fluctuating upward trend. In the early session, the Bitcoin price once surged to around $114,800, before retreating to the $113,800 resistance level range for consolidation. From a technical perspective, investors need to closely follow the changes in the technical indicators on the 1-hour and daily chart in the short term to prevent sudden market fluctuations.

Analyzing the 4-hour candlestick chart, the Bitcoin price is currently close to but still below the middle track, showing an overall upward oscillation trend. Although there has been a slight pullback in the short term, the overall bullish trend is still maintained.

Given the current market situation, it is advisable for investors to maintain a cautious and wait-and-see attitude, and to wait for clearer market trends before making layouts. If considering entry, the range of $113,500 to $114,000 can be used as a reference range for long positions. At the same time, it is also important to closely monitor the performance of the resistance level in the upper range of $114,500 to $115,000.

It is worth noting that the cryptocurrency market has always been highly volatile, and investors should thoroughly assess risks before making any decisions, and formulate appropriate investment strategies based on their own risk tolerance. In addition, continuously following the global macroeconomic situation, changes in regulatory policies, and major events in the industry are key factors in grasping market trends.