Recently, the Bitcoin market has shown a relatively calm trend, with a price fluctuation range of only about 2000 points within 24 hours. Nevertheless, there are still potential opportunities and risks in the market.

Last night, Bitcoin rebounded after hitting a low near 115,600, reaching a high of around 117,800. However, it faced resistance at this level, reflecting the market's current cautious sentiment.

Given the current market fluctuation, investors may need to adopt a more cautious strategy. Observing price movements near the support level below and waiting for a clear breakout signal before making decisions may be a wiser choice.

For investors seeking trading opportunities, it may be advisable to consider short positions near key resistance levels such as 117,800, 118,800, and 119,150. At the same time, it is important to closely monitor the performance of support levels at 116,500, 115,500, 114,800, 114,200, and 113,300. If the price breaks below these key supports, it could indicate a risk of further declines.

It is worth noting that in this fluctuating market, being flexible is crucial. If the support level holds effectively, investors should also be prepared to adjust their strategies in a timely manner and consider the possibility of buying on dips.

Overall, the current Bitcoin market requires investors to remain highly vigilant, both to guard against downside risks and to seize potential upward opportunities. It is essential to carefully analyze market trends and technical indicators before making any trading decisions.