In the early hours of yesterday, the price of Bitcoin briefly rose to a high of $115,700, before starting to pull back, showing a volatile trend. Compared to Ethereum, Bitcoin's upward momentum appears relatively weak. From the daily chart, Bitcoin is still operating within the newly formed price range.

Currently, the market is closely watching the important resistance range of $115,700 to $116,300, which could be the key for Bitcoin's breakout in the short term. At the same time, $114,000 is seen as the primary support level, and if this level is broken, the range of $112,300 to $111,800 will become the secondary support.

Analysts point out that Bitcoin's performance within the current range will have a significant impact on the entire cryptocurrency market. Investors should closely monitor changes in trading volume and market sentiment, as these factors may affect short-term price trends.

In addition, the global macroeconomic environment, changes in regulatory policies, and the attitudes of institutional investors are also key factors affecting the price of Bitcoin. In this uncertain market, risk management and rational decision-making are particularly important.