The Bitcoin market has shown a significant pump today, with the bullish strategy from this morning already yielding considerable returns. Currently, BTC is steadily moving towards the target of 114100, and investors should closely follow this key price level.

From a technical analysis perspective, the current market structure presents an interesting pattern. On the one-hour chart, we can clearly identify a five-wave downward structure, with the fifth wave still ongoing. It is worth noting that only by breaking through the previous high can we confirm the true end of this downward trend.

The upcoming market trend may display a typical ABC three-wave rebound pattern. Today we expect the rebound to continue, after which the market may enter a period of consolidation. Once the consolidation is complete, we may welcome a new round of rising行情.

114600 is a crucial price level. If Bitcoin can firmly hold above this level, we can expect more room for pump. For investors currently holding long positions, the strategy is clear: follow the market rhythm and continue to hold to gain profits.

However, we cannot ignore the potential risk of a pullback. If the price encounters resistance in the 114600-114100 range, a decline to the 113100-112600 area may occur. Therefore, investors need to remain vigilant and adjust their strategies as needed.

Overall, the current Bitcoin market shows positive signals, but it also faces some challenges. Investors should remain calm and closely follow the breakthrough of key price levels, adjusting their investment strategies in a timely manner according to market changes. Whether chasing a rise or shorting at highs, operations need to be cautious to control risks.