Tonight, the Bitcoin market is showing a strong momentum. Although a brief pullback may occur, the overall trend remains positive. Technical analysis indicates that long positions are still dominant, with moving averages consistently rising in the four-hour Candlestick Chart, and trading volume remaining stable. These factors collectively support the current rising channel.

Investors should closely monitor the support range of 116800 to 117000. As long as the price can hold this level, the upward trend will not change. In the short term, 118000 is the primary target. If it can break through and maintain this price level, there is a possibility of continuing to challenge 119000.

For trading strategies, it is recommended to primarily buy on pullbacks. You can build positions in batches within the support range, with a short-term target aimed at 118000. If it breaks through, you can expect 119000. However, if the price falls below 116500, you should consider stopping losses and reassessing the market.

Overall, the current market is only experiencing a brief adjustment, with the overall trend still leaning towards strength. Investors should remain patient and seize the opportunities brought by the pullback; trading in the direction of the trend may be the best strategy tonight. For investors uncertain about market direction, it is recommended to continuously pay attention to professional analysis to grasp the latest market movements.

It is worth noting that although Bitcoin has performed strongly in the short term, the cryptocurrency market has always been highly volatile, and investors must act cautiously and manage risks effectively. At the same time, it is also important to pay attention to the overall development of the cryptocurrency ecosystem, as the performance of other mainstream coins often influences Bitcoin's trend.