Recently, the price movement of Bitcoin has attracted attention. Despite some uncertain factors in the market, Bitcoin is still holding near the key resistance level of 117500. Short-term corrective fluctuations are common phenomena in the market, and investors need not worry excessively.

Analysts expect that Bitcoin may pull back to around the support level of 114500. This pullback could provide investors with another entry opportunity. It is worth noting that if the price rebounds at this level, it may form a double divergence pattern on the weekly chart, which is a technical indicator worth following.

Currently, the daily chart shows signs of a bottoming out, which provides some support for a potential rebound. Based on this analysis, investors may consider gradually building positions in the 114500-115000 range while closely monitoring the breakthrough of the 117500 resistance level. If the breakthrough is successful, the Bitcoin price is expected to further rise to the 118000-119000 range.

However, investors should keep in mind that the cryptocurrency market is highly volatile and carries significant risks. Before making any investment decisions, it is essential to conduct thorough research and risk assessments. Additionally, market sentiment and external factors can also have a substantial impact on price movement, so it is crucial to remain vigilant and adaptable.