#Bitcoin Currently, although the 1-hour and 4-hour charts are still in a consolidation phase, the overall range is gradually moving downward, consistent with a corrective pullback trend. For the weekend, temporarily refer to the 4-hour range of 117,000—120,000. If the rebound does not break 118,400, it indicates a weak overall trend. At the same time, in the hourly downtrend, there is no divergence in the range, and the RSI index has not triggered a short-term oversold zone, which also aligns with a downward consolidation trend. On the daily chart, although the price is at the upper boundary of the range maintaining an optimistic outlook, it has broken below the strong range of MA7. If the price cannot rebound and break through around 118,500, then we need to prepare for a further price decline. Especially after the 4-hour level has accelerated the depth of the downward breakout, the reference for next week's volatility should be the range of 114,500—118,000, which is gradually tightening. Additionally, considering the short-term daily CME futures gap around 114,300—115,790, it can mutually verify the temporary support position of the range. Moreover, the Fibonacci level of 113,700 is a key support reference in this upward trend and can be considered an important critical support level.