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Bitcoin has shown strong performance recently, with the price breaking through the resistance level of $114,800, and is now approaching the important pressure range of $117,000. Starting from $112,000, Bitcoin has achieved an increase of about $5,000 in a short period, demonstrating strong upward momentum.
However, since today is Saturday, the market liquidity is relatively low, and Bitcoin is likely to consolidate below the current resistance level. Investors should closely monitor the hourly chart to see if there will be a short-term adjustment or a continued breakout.
Although there may be sideways consolidation over the weekend, Bitcoin is still likely to continue its pump trend next week. Investors need to closely monitor the depth of the pullback, which could provide new entry opportunities for the next rise.
Overall, the current trend of Bitcoin is encouraging, but investors should remain cautious, closely monitor market changes, and manage risks appropriately. It is advisable to conduct thorough research and analysis before making any investment decisions.