Bitcoin has recently hovered around $117,100, showing signs of a short-term pullback in the market. Analysis indicates that Bitcoin may face a pullback of about 2%, with a target price around $114,900. This prediction is based on several key factors:

The behavior of large holders has drawn attention recently, with approximately 30,000 Bitcoins being sold off within just 4 days, worth nearly 3.5 billion dollars. At the same time, investors holding coins for 1 week to 12 months have also shown a clear tendency to cash out, and these factors together have contributed to the selling pressure in the short term.

However, this adjustment is likely just a temporary market shuffle, rather than a reversal of long-term trends. As long as Bitcoin can hold the critical support level of $114,900, there is still hope for a mid-term push towards $120,800. If this support fails to hold, the market may further explore lows down to $110,000.

Despite some risk factors in the short term, from a broader perspective, this volatility may provide new entry opportunities for investors. The real opportunities in the market often arise after the moments of the most intense fear.

For investors, it is crucial to closely monitor market trends and maintain rational judgment. When facing short-term fluctuations, one should stay calm and focus on long-term development trends rather than being swayed by short-term volatility. At the same time, attention should also be paid to risk management and reasonable asset allocation to cope with potential market fluctuations.

As the Bitcoin market continues to mature, we may see more institutional investors getting involved, which could bring greater liquidity and market stability. However, the high volatility of the cryptocurrency market remains a notable characteristic that investors need to fully consider when making decisions.

Overall, although Bitcoin may face some pressure in the short term, as long as key support levels can be maintained, the medium to long-term upward trend still exists. For confident investors, this could be a good opportunity to accumulate coins.