Recently, the Crypto Assets market has been constantly fluctuating, and the performance of Bitcoin prices has been eye-catching. Last week, the market expected a Rebound when approaching the resistance level, and this prediction was validated. As it approached the key resistance level, the volume failed to effectively increase, and the strength of long positions was strongly suppressed by short positions, leading to a pullback over the weekend.

After the fluctuations over the weekend, the market situation is gradually becoming clearer. Overall, Bitcoin's price has been hovering around the moving average, facing pressure again after a short-term Rebound. The recent trend still shows a weak oscillation, and no clear long positions signal has emerged yet. The current market is in a relatively weak consolidation phase, with both bulls and bears seemingly waiting and observing for the next clear direction of the market.

From a technical analysis perspective, the hourly MACD indicator remains below the moving average, indicating that the short-term downward trend is still continuing. However, it is worth noting that the MACD histogram has not significantly expanded, which may suggest that the downward momentum is weakening. At the same time, the hourly RSI indicator is also in a weak oscillation state, further confirming the market's indecision.

In this market environment, short-term trading may present good opportunities, but choosing the right entry point and trading strategy is crucial. For Bitcoin, there may be some support around 117200. If it stabilizes and rebounds at this level, 118000 can be set as a short-term target level.

However, investors should remain cautious, closely monitor market changes, and implement risk management. In the current uncertain market, it is equally important to flexibly adjust strategies and maintain patience. The market trends in the coming days will provide us with more clues to help determine whether Bitcoin can break through the current volatile pattern and find a clear direction again.