The Bitcoin market is currently at a critical moment, with price movement influenced by multiple factors. Technically, an important resistance level has formed around 116200, which is the intersection of the 38.2% Fibonacci retracement level and several moving averages. On the other hand, around 114500 constitutes the recent support level, while lower levels of 113000 and 111700 are more critical support areas.

Although the Federal Reserve Chairman's moderate statements have provided some support to the market, overall tightening liquidity and technical resistance are still limiting the price upside. For traders, it is necessary to remain cautious in the current market conditions. Aggressive investors can look for opportunities in the range of 115000 to 114500, while more conservative traders may need more patience, waiting for the price to effectively break through the 116200 resistance level, or stabilize after a drop to a lower support level before making decisions.

Regardless of the strategy adopted, controlling positions and setting stop-losses are crucial risk management measures in the current volatile market environment. Investors should carefully formulate trading plans based on their own risk tolerance and investment goals. At the same time, continuously monitoring macroeconomic data, changes in regulatory policies, and market sentiment is essential, as these factors could significantly impact short-term price movement.

Overall, the Bitcoin market is in a complex interaction of technical and fundamental factors. Before making any trading decisions, a deep analysis of various indicators and the ability to respond flexibly to market changes will be key to successfully seizing opportunities.