The Bitcoin market has recently shown a trend of high-level fluctuations, with the current price hovering above the 60-day moving average, but it has not yet broken through the resistance at the upper limit of the range. On the technical side, various indicators show divergence, with a mix of bullish and bearish forces, making the market direction unclear.

In this case, investors need to closely monitor the effectiveness of the moving average support. In particular, the 7-day and 60-day moving averages on the daily chart; if these two moving averages can remain stable without showing obvious signs of a breakdown, then the upward trend is likely to continue in the short term.

However, uncertainty in the market still exists. Investors should remain cautious when making decisions and be prepared to respond to any potential emergencies. Currently, the market seems to be searching for a clear direction, and any significant economic data or policy changes could become key factors triggering market fluctuations.

For traders inclined to go long, it may be worth considering building a position around the price range of 115000 to 114600, while setting 117500 as a potential target price. However, this is merely a strategic suggestion based on the current market situation, and investors should still formulate a trading plan that suits their own risk tolerance and investment objectives.

Overall, the Bitcoin market is currently at a critical moment, and investors need to remain vigilant and closely monitor market trends in order to react promptly when the market shows a clear direction.