According to recent analysis of Bitcoin's price movement, a certain degree of pullback may occur in the short term. From the hourly Candlestick Chart, Bitcoin experienced a downward Long Wick Candle in the early morning, followed by a certain extent of decline, with the Candlesticks showing consecutive green bodies. This indicates that the upward momentum in the morning has temporarily been exhausted.

Currently, Bitcoin's price is oscillating near the middle band of the Bollinger Bands and has not yet broken through the previous high point. According to technical analysis, Bitcoin may experience a pullback next, followed by another upward breakthrough.

From a price target perspective, the current support level to watch is around $117,000, while the target price above is approximately $119,000. Investors should closely monitor the performance of these two key price levels to assess the subsequent movement.

It is worth noting that the cryptocurrency market is highly volatile, and investors should operate cautiously and manage risks effectively. At the same time, attention should also be paid to changes in the macroeconomic environment and regulatory policies, as these factors may significantly impact Bitcoin prices.