According to the latest market data analysis, although Bitcoin has experienced a short-term pullback on the four-hour chart, the overall upward trend remains strong. Despite the price retreating from recent highs, the extent of the pullback is relatively limited, indicating that this may just be a normal adjustment during the pump process.

Recent K-line patterns indicate that after experiencing consecutive pumps, the market has shown a hammer candlestick pattern, which is often interpreted as a potential signal for a pullback, suggesting that the market may soon stabilize and warm up. For short-term traders, this could be an opportunity to build positions at low levels.

From a specific price perspective, around $116,700 could be a key support level. If this level is broken, the next support may be around $116,200. If the market remains strong, it may challenge the resistance range of $119,000 to $121,000 in the short term.

Overall, although the market has experienced a short-term pullback, as long as it does not fall below the key support levels, Bitcoin's upward trend remains intact. Investors can closely monitor the performance of these key price levels and the changes in market sentiment to make corresponding investment decisions.