Bitcoin continued its range-bound movement in the weekend market, with an overall fluctuation range maintained around 1000 points up and down. Currently, the BTC price has reached the key support level near 116800 USD, and the performance at this level will be an important basis for judging the subsequent trend.

If the support level at $116,800 is substantially broken, we need to closely monitor the following key price targets: $115,800, $115,000, $114,300, and $113,800. These levels could become potential support points in the next phase.

Investors should flexibly adjust their strategies based on market trends. In the case of a downward trend being established, it may be considered to operate in the direction of the trend. However, it is worth noting that when the price approaches the aforementioned target levels, there may also be opportunities for a rebound. Therefore, when reaching these key levels, investors need to remain vigilant and timely assess whether there is a possibility of reverse operations.

Overall, the current Bitcoin market is still in a consolidation phase, and the performance of key support levels will have a significant impact on short-term trends. Investors should closely monitor market movements, manage risks appropriately, and adjust trading strategies flexibly based on actual conditions.