The current four-hour chart of the pancake shows a range-bound oscillation trend. Although there has been a temporary rebound, the momentum is insufficient, and the price has not been able to firmly establish itself above the previous key resistance zone, indicating that the bulls have yet to gain control over the market.

From the indicators perspective:

• The MACD indicator's green bars continue to narrow, indicating that the bearish selling pressure is gradually easing;

• The KDJ indicator is operating in the neutral zone at 51, suggesting that bullish energy is accumulating, and the probability of a short-term rebound window opening is increasing.

Operational suggestions: Consider positioning long positions in the range of 114000-114600, with a temporary target at the 118000 psychological level. #BTC走势分析 #BTC