According to the latest Bitcoin price movement analysis, from the 4-hour chart, the Bitcoin price has been continuously rising from the 108,600 level, once reaching around 118,200. Currently, the price chart shows a clear top divergence pattern, which often indicates that a pullback may be imminent.

At the same time, the KDJ technical indicator has exceeded 80, entering the overbought zone, which further increases the possibility of a pullback. Based on this technical analysis, the market seems to be gearing up for the next price movement.

Considering the current market conditions, investors should closely monitor price movements around 118,000. If a pullback occurs, it may dip to levels of 116,500 or even 115,000. However, please note that this is just a personal opinion based on current market data and should not be considered as investment advice.

In trading, it is crucial to maintain a cautious attitude and set appropriate stop-loss positions. The market is ever-changing, and investors should make decisions based on their risk tolerance and investment goals. Continuously monitor market trends and adjust strategies in a timely manner to maintain an advantage in this cryptocurrency market filled with opportunities and challenges.