Recent analysis shows that the price of Bitcoin has experienced significant fluctuations in the past few hours. It quickly fell from the level of 114,500 to 112,900, followed by a rebound, but failed to break through the previous high. This trend indicates that the market may enter a consolidation adjustment phase in the short term.

From a technical indicator perspective, the 2-hour MACD chart shows that bears are temporarily in control, suggesting that there may be some pressure in the short term. However, it is worth noting that the 2-hour EMA still maintains a bullish arrangement, which means that the long-term trend still leans towards the bulls. In addition, the main capital has opened a bullish gap, further supporting the overall upward trend logic.

Although it may face some fluctuations in the short term, the long-term bullish view on Bitcoin has not changed. Investors can pay attention to the resistance level around 115,000, and if the breakout fails, it may pull back to the support level of 113,000.

In the current market environment, investors need to stay alert and closely monitor market changes. Short-term traders may need to be more cautious, while long-term investors can continue to focus on the fundamental developments of Bitcoin and the overall market trend.