The Bitcoin market has recently shown a volatile trend, with the current price encountering resistance around 117,900 USD and retreating, but has not yet reached the key support level of 114,700 USD. Based on the movements over the past few weeks, a false breakout may occur in the early hours of Monday, followed by a decline.

In the short term, the early morning session on Monday may touch around 116,700 USD and then start to decline. It is expected that by Monday evening, it could drop to the range of 114,700-114,400 USD. If this expectation holds true, a rebound may occur afterwards.

However, if the price falls below $114,400 and cannot quickly recover, it may further drop to around $113,300. On the other hand, if the price breaks upward directly, $117,900 will become the primary resistance level. If the price breaks above this level and then retreats again, there is still a possibility of testing the $114,700 support. If it can effectively break through $117,900, it is expected to rise to the $120,000 area.

It is important to note that this is only a short-term trend prediction. From a longer-term perspective, investors still need to pay attention to the overall market trends and fundamental factors. In this highly volatile market, risk management and cautious decision-making are crucial. Whether going long or short, reasonable stop-loss levels should be set to prevent losses that may arise from significant fluctuations.