The Bitcoin market has recently shown a volatile trend. Yesterday, the Bitcoin price fell from a high of $118,450 to a low of around $117,250, ultimately closing near $117,800.

Currently, the market is focusing on the support level near 115800 dollars. If it breaks below this level, it may further test the MA30 moving average position. Investors may consider looking for long opportunities in this area.

The upper resistance level is located near $119,800. If this level is突破, the next target may be the $121,400 area.

From a technical indicator perspective, the MACD is showing a bullish contraction state, but there are signs of a death cross forming, which may indicate that market momentum could weaken in the short term.

Within the four-hour time frame, investors should closely monitor the support level near $116,800. If this level is broken, the price may retreat to near the MA90 moving average. Similarly, this area may also provide potential long opportunities.

Overall, the Bitcoin market is currently at a critical position, and investors should closely monitor these important support and resistance levels to seize potential trading opportunities. However, given the market's high volatility, it is essential to operate with caution and manage risks effectively.