The latest four-hour chart analysis shows that the Bitcoin price demonstrates strong resilience. The steady rise of the lower band of the Bollinger Bands provides reliable support to the market, and this technical indicator suggests that potential upward momentum is accumulating.

Despite some fluctuations in the market, the Bitcoin price has been able to quickly rebound each time it hits a low point, highlighting the resilience of the buying pressure. Currently, the market seems to be preparing for a breakout above the $116,000 level, which could become an important psychological barrier in the short term.

Investors generally maintain a cautiously optimistic attitude, tending to build long positions at lower levels. In particular, around $113,800 is seen as a relatively ideal entry point, with a target price set at around $115,500.

It is worth noting that although the market is showing a fluctuating trend, there is a clear bottom support, which lays the foundation for a possible rise in the future. However, investors still need to be vigilant about market uncertainties and manage risks appropriately.

As the cryptocurrency market continues to develop, Bitcoin's position as the industry leader remains solid. Its price trend not only affects itself but often leads the direction of the entire cryptocurrency market. While paying attention to Bitcoin, investors should also keep an eye on the performance of other major cryptocurrencies such as Ethereum (ETH) and Solana (SOL) to gain a more comprehensive market insight.