Analyzing the Bitcoin trend from a daily chart perspective, it currently shows a volatile downward trend. The consecutive two trading days of Bearish lines have caused the price to retreat near the 60-day MA, which is regarded as an important support level.

In the short term, whether Bitcoin can stabilize at 114,000 dollars has become the focus of the market. If this support level can be effectively held, the market is still expected to break upward, with the next target price potentially being 118,000 dollars.

However, if the support level of $114,000 is broken, Bitcoin may face a deeper correction. In this case, the adjustment period may be prolonged, and market sentiment will also be affected.

Investors should closely monitor the performance of the key price level of $114,000, as it may determine the direction of Bitcoin's short-term trend. At the same time, it is important to pay attention to the overall market environment and other factors that may affect cryptocurrency prices, and to manage risks appropriately.