The Bitcoin market exhibited an interesting trend after opening today. In the initial stage, we observed a slight pullback, but then the market quickly rebounded, with the price climbing from $115,500 to $116,800. However, this upward momentum is not very strong, and the price is still constrained by the middle band on the daily chart and the four-hour chart.

In a market situation where the upward momentum is limited, investors should remain cautious and avoid blindly chasing highs. A wise approach is to patiently wait for a potential pullback. If the price rises again to the resistance level but fails to break through, a good opportunity for shorting may arise.

Next, we need to closely monitor the pressure situation in the range of 116800 to 117200 dollars. The overall strategy leans towards continuing to be bearish after a Rebound.

From a trading perspective, short positions could be considered around the range of $116,500 to $117,000, with target prices set in the range of $114,500 to $115,500. However, this is merely a personal insight based on the current market situation, and investors should incorporate their own risk tolerance and market judgment when making any trading decisions.

It is important to note that the cryptocurrency market is highly volatile and carries significant risks. Therefore, whether going long or short, it is necessary to set appropriate stop-loss levels to control potential losses. At the same time, continuously monitoring market dynamics and important news events is also crucial, as these factors can rapidly change market trends.

Overall, the current Bitcoin market shows a cautious pump trend, but upward pressure still exists. Investors should remain vigilant and adjust their strategies flexibly to cope with potential market changes.