Recently, the Bitcoin market has shown signs of fluctuation. Although the longer forces have strengthened, the price encountered resistance when approaching the 117500 USD level, leading to a weakening of the pump momentum. Subsequently, the market entered a sideways consolidation phase, and trading activity during the weekend also became subdued.

From the perspective of the 4-hour chart, although the price has experienced some pullback, it still generally maintains operation above the midline, and the pattern of intraday range oscillation remains intact. Looking at the daily chart, Bitcoin's performance appears slightly weaker compared to Ethereum, as the previous rebound failed to effectively break through the daily mid-axis resistance. It is expected that Bitcoin may continue to oscillate within a larger range for a period of time.

For trading strategies, investors may consider cautiously going short at high levels and moderately going long at low levels. Specifically, attention can be paid to shorting opportunities near the range of $116,700 to $117,500, setting a stop loss of 500 points, with a target around $114,700. On the other hand, going long can be considered near the range of $113,000 to $114,200, also setting a stop loss of 500 points, with a target aiming at around $115,700.

It is worth noting that market conditions change rapidly, and investors should consider their own risk tolerance when formulating trading strategies, closely monitor market trends, and adjust strategies in a timely manner. In addition, it is essential to be vigilant about potential market risks, including but not limited to the impact of global economic conditions and regulatory policy changes on the cryptocurrency market.