The Bitcoin (BTC) market is currently in a consolidation phase, showing relative weakness in the short term. Analysis indicates that the key support level is in the range of 114,200 to 113,460, while the resistance level is between 115,488 and 116,800, particularly the range of 118,400 to 118,600 constitutes a stronger resistance.

In light of the current market conditions, investors may consider the following strategies:

1. Low-level entry: When the price falls back to the support level around 114,200 and shows a reversal signal, a small position can be taken. The target price can be set at 115,488 or 116,800, but be cautious of the resistance above to avoid blindly chasing higher prices.

2. Breakout Buying: If the price successfully breaks through 116,800 and holds, it may indicate a strengthening trend. At this point, you can moderately increase your position during a pullback.

3. Shorting at a high position: If the price surges to the range of 118,400-118,600 but fails to break through, and a clear resistance structure appears, shorting on a short-term basis can be considered, with the target price near the support area.

Overall, investors should closely monitor the stability of the support level and patiently position themselves at low levels; at the same time, be cautious of the resistance above, and only consider chasing long positions after a breakout confirmation. For investors uncertain about market direction, it is advisable to continuously pay attention to professional analysis to grasp market trends.

It is important to note that the cryptocurrency market is highly volatile, and investors should act with caution and manage risks appropriately. At the same time, the regulatory environment of the global cryptocurrency market is constantly changing, and investors should closely monitor the policy trends of various countries and their potential impact on the market.