The latest Bitcoin market analysis shows that multiple indicators are conveying positive signals. From a technical perspective, the 4-hour chart is exhibiting a "rising triangle" consolidation pattern, which is typically seen as a potential prelude to a pump. Meanwhile, the green bars on the MACD indicator are shortening, and the KDJ indicator is in the oversold region, suggesting that a rebound may occur in the short term.

In terms of the capital situation, recent observations have noted large capital buying behaviors, which are interpreted as a signal that the main funds are optimistic about the future market. According to the theory of four-year cycles, August may become a key period for market turning points, while September to October may welcome a market climax. Therefore, the current retracement trend is seen by some analysts as a phase of accumulation before the rise.

For Bitcoin price predictions, the short-term target price is around 117,500, while the long-term target points to 119,500. Meanwhile, 114,500 and 114,000 are seen as important support levels. However, investors should keep in mind that the cryptocurrency market is highly volatile, and price predictions are for reference only; actual investment decisions should also consider individual risk tolerance and real-time market conditions.