The Bitcoin market is currently at a delicate balance point. The recent four-hour chart shows that the market seems to be caught in a narrow range of fluctuations. This situation often suggests that a significant change is about to occur.

Currently, the price level around $117,600 has become a key observation point. If the price can stabilize at this level and start to rebound, we may see a wave of upward movement, with a target price around $119,000. This would provide a good trading opportunity for short-term bulls.

However, investors also need to remain vigilant. If the price breaks below the support level of $117,400, the situation could deteriorate rapidly, and the market may enter a longer-term downtrend. In this case, decisively adopting a short strategy may be more prudent.

It is worth noting that regardless of the market direction, there may be a clearer trend in the coming period. Investors should closely monitor these key price levels and adjust their trading strategies in a timely manner based on the actual market trends.

Overall, the current Bitcoin market is filled with opportunities and risks. Successful traders need to remain calm, strictly implement stop-loss strategies, and keep a close eye on market trends. The trends in the next few hours may set the tone for the market in the upcoming period, so let's wait and see.