Recently, the Bitcoin market has shown a high-level consolidation trend, with a rebound in the 2-day chart resulting in a synchronous rise over 6-12 hours, but it still hasn't broken through the 8-hour EMA52 line. Market support is gradually weakening, and investors can follow the 12-hour EMA52 line (114660) as a potential get on board point.

The daily chart shows a small bearish candle with a lower shadow, and the trading volume has decreased by one-third compared to the previous day, maintaining a high-level oscillation pattern. In the short term, the possibility of a sharp decline is low, but if the 12-hour level rebound fails to create a new high, it may fall back to the daily support level before rebounding again.

It is worth noting that Bitcoin's trend still dominates the overall cryptocurrency market. Given that altcoins have seen significant rises recently without any obvious pullback, it is a suitable time to take profits in batches rather than chasing highs.

The key resistance levels on the daily chart are 120000, 131700, and 150000, while important support levels include 114660, 113600, 111800, 105100, and 100500. Investors should closely follow these key price levels and formulate reasonable trading strategies.

The market is still in a consolidation phase, and it is advised that investors remain cautious, strictly control risks, and wait for clearer breakout signals to emerge. At the same time, follow the macroeconomic environment and industry regulatory dynamics, as these factors may have a significant impact on market trends.