Last night, Bitcoin once again initiated a pump, reaching a peak price near 114700. It then experienced a pullback and is currently consolidating around 114200. This wave of market activity has caused some investors to hit their stop loss, reaffirming the high Fluctuation of the Crypto Assets market. Although the losses are frustrating, it also reminds us of the importance of Risk Management in this market. Short-term stop loss is always better than being Tied Up or Get Liquidated in the long run.

From a technical perspective, Bitcoin is still in a high-level consolidation phase. A solid bullish candle appeared on the daily chart on Sunday, breaking the previous continuous downtrend. However, the further shrinkage of trading volume has created a divergence, indicating that the market is still in a correction cycle. To confirm whether the trend has truly reversed, further breakthroughs of key resistance levels are needed.

From the 4-hour level, Bitcoin shows a nearly one-sided upward trend, accompanied by slight pullbacks that effectively released bearish sentiment. The price has currently broken through and stabilized above the mid-term moving average, and the upward momentum has not yet shown signs of weakening. Therefore, in the short term, it may be considered to buy on dips at lower levels to seize possible rising opportunities.

For the upcoming trend, attention can be paid to buying opportunities in the range of 113800 to 114200, with the upper target price looking towards 115800. Investors need to closely monitor market changes and implement proper Risk Management, avoiding blindly chasing highs. In this uncertain market, it is crucial to remain calm and rational.