The current Bitcoin price is undergoing a normal pullback phase. Although there has been a significant fall recently, the overall bull run structure has not been substantially damaged. The market still maintains a long positions pattern, and the key is to patiently wait for the price to stabilize before entering at the right time.

From a technical perspective, around $114,200 may be a good buying opportunity. If a long position can be established near this price level, there is potential for considerable gains during subsequent rebounds. In the short term, we can consider $116,000 as a potential target price.

It is worth noting that although the market is experiencing increased short-term volatility, long-term investors need not worry excessively. Such pullbacks often provide a good opportunity for positive positioning. However, before making any trading decisions, investors should thoroughly assess their own risk tolerance and closely monitor market trends.

Overall, although the current market is under certain pressure, the fundamentals of Bitcoin have not undergone fundamental changes. Maintaining rationality and patience may help seize potential investment opportunities during this adjustment.