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Bitcoin exhibited strong bullish sentiment yesterday, maintaining slight fluctuations during the day trading phase, with market activity relatively cautious. During the afternoon session, the price experienced a slight pullback, touching a low of 111,200 USD; however, this pullback did not trigger bearish selling pressure, but rather became an opportunity for bulls to accelerate the rally. Subsequently, the market opened with strong upward movement, pushing the price to around 114,000 USD during the network trading phase, allowing the bullish momentum to be fully released, and the market entered a consolidation phase to digest the gains. This morning, Bitcoin briefly retraced to 112,827 USD before bulls exerted force again, with the price continuing to rise, reaching a maximum of 115,512 USD so far, refreshing recent highs and entering a slight consolidation state once again. From a technical perspective, the four-hour level provides a clear bullish signal: after the price broke through the upper Bollinger Band with consecutive bullish candles, although there was a slight pullback due to a pause in momentum, bears have not been able to form effective pressure, and the pullback space is extremely limited, maintaining an overall high-level operating trend. In summary, the current slight pullback is considered a normal technical correction and has not damaged the previously formed bullish acceleration structure, with further upward momentum expected. Although there is a need for technical correction in the short term, the upward trend remains unchanged. Future focus should be on the defense of key support levels and the degree of volume cooperation; as long as key support is maintained, the bullish pattern is likely to continue. Overall, the approach should be to follow the bullish trend and not blindly attempt to call the top.