From the 4-hour Bollinger Bands chart observation, after a brief breakout above the upper band, the market quickly encountered pressure and retreated. The current price is steadily approaching the middle band position.

Although the market has temporarily entered a momentum consolidation phase, the momentum has not shown any signs of weakening, and there are no trend reversal signals. This movement is more of a bullish accumulation action at high levels, digesting previous profit-taking positions to clear obstacles for potential continued upward movement.

The Bitcoin pullback near 115000 and 114500 is an opportunity to go long, with targets of 116500-117500.