Recently, the Bitcoin market has shown a range-bound oscillation pattern, with the price fluctuation range relatively clear. The upper resistance level is around 117,500, while the lower support level is near 114,300. Currently, the market lacks clear directional guidance, and the shrinking Trading Volume also reflects the current lack of market momentum.

Investors need to closely monitor changes in market sentiment and the direction of technical indicators, especially paying attention to the breakout of key support levels and resistance levels. These factors may have a significant impact on short-term price movements.

Given the current market conditions, traders may consider adopting a high sell low buy strategy, while it is essential to set strict stop-loss orders to control risk. Specifically, one can look for short-selling opportunities in the range of 117,200 to 116,800, with an initial target price of 115,900, and further probing down to around 114,500.

However, considering the uncertainty in the market, investors should remain vigilant and adjust their strategies in response to market changes. Additionally, it is recommended to combine other technical analysis tools and fundamental factors to gain a more comprehensive market insight and improve the accuracy of trading decisions.