The Bitcoin market has recently shown signs of consolidation, but the bullish trend remains unchanged. After reaching a high of 123,000 USD, Bitcoin underwent a round of correction and is currently finding support around 115,678.1 USD, with a slight rebound into a key consolidation range.

Market analysis shows that Bitcoin may continue to oscillate at a low level in the short term and attempt to break through the resistance level of $118440.7. If trading volume increases significantly and the candlestick patterns align well, the likelihood of a substantial rebound is high. Otherwise, a sideways consolidation or a drop to the support level of $115678.1 may also occur.

From a technical perspective, the consecutive bearish candles from July 14 to 15, along with the current doji pattern, may indicate a potential reversal signal. In terms of trading volume, there has been a contraction in volume during the pullback from the highs, and there has yet to be a significant increase in volume during the rebound phase, so it is essential to closely monitor subsequent changes in trading volume. Regarding moving averages, although the 7-day moving average has seen a slight rebound, it still remains below the 30-day moving average, and the bearish arrangement has not yet been broken.

For trading strategies, aggressive investors may consider buying in small amounts around $115678.1, with a target set at $118440.7. However, it is essential to strictly enforce stop-loss orders and pay attention to changes in trading volume. Conservative investors may adopt a wait-and-see approach, waiting for the price to stabilize above $118440.7 or retreat to $115678.1 to confirm support before considering entry.

It is worth noting that 112,000 dollars is an important strong support level, and caution is needed if it falls below this level. On the upside, if it can break through 118,440.7 dollars, then we can expect the price to advance towards 119,200 dollars.

Overall, Bitcoin is still in a volatile range, with $112,000 providing strong support at the bottom, while around $116,000 may offer a buying opportunity. In the current unclear trend, managing positions is crucial. Investors should go with the flow, avoid chasing highs, and closely monitor market movements to make informed investment decisions.