The BTC 4-hour chart has just formed a candlestick with prominent long upper and lower shadows.

The upper shadow extends to around 114.5k, clearly showing strong selling pressure at this level; evidently, some profit-taking has occurred here;

The lower shadow reflects solid support at the 112.5k level, where buyers have established effective support.

Intraday pullbacks to the 113.3k-112.5k range should be used to gradually build long positions, targeting 114.5k, 115.5k, and 116.8k.