The 4-hour chart shows a large pancake pattern with significant upward movement followed by a correction. The rhythm indicates a bullish breakout with increased volume confirming the dominance of bulls. The current pullback is a normal retracement within the upward trend; the bullish structure remains intact, and the strategy of buying on dips is maintained.

It is recommended to place long positions in the range of 113500-114500, targeting 116500-117500$BTC