Recently, the Bitcoin market has shown a strong pump momentum, with four consecutive bullish lines on the four-hour chart, breaking through the upper band of the Bollinger Bands. However, this rise momentum seems to have begun to slow down, with signs of a pullback in price.

The latest K-line pattern shows that a long upper shadow appears above the body, which usually indicates significant selling pressure in the market. The bullish strength seems insufficient to push the price further upward, which may signal a weakening of upward momentum in the short term.

From a technical perspective, the current market may enter a key resistance area. Investors should closely monitor the price performance around $117,800, as this level may become an important resistance point in the short term. If it cannot break through effectively, there is a possibility that the price may pull back to around $116,000.

For traders, it is important to remain cautious at this time. Considering that the market may face a pullback, chasing the rise at high levels could be risky. On the contrary, it would be wiser to look for potential pullback opportunities and find entry points near support levels.

Overall, although Bitcoin has been performing strongly recently, it may face a pullback in the short term. Investors should remain vigilant, manage risks effectively, and closely monitor market changes to adjust their investment strategies in a timely manner.