The Bitcoin (BTC) market has shown a daily chart level pullback today, which is worth investors' close attention. In the short term, there are signs of a bottoming out on the 2-hour chart, while the 1-hour chart shows a rebound trend.

Currently, the support levels for BTC are around $115,800 and $115,100. If these support levels are broken, it may trigger further declines. Conversely, the resistance levels above are $116,400, $117,400, and $118,300, and these key points will become important resistance for bulls to break through.

In terms of market sentiment, the BTC long-short ratio is 1.23, indicating a slightly bullish stance. The Fear and Greed Index is at 56, in the neutral range. On the funding side, the long-short ratio is 65:35, suggesting that institutional investors are relatively optimistic about the market outlook. However, the overall long-short ratio across the network is 49:51, indicating that market participants are still somewhat cautious.

In such a complex market environment, investors should remain calm and rational. It is advised to take action only when clear changes in patterns are observed, and always set reasonable stop-loss positions to control risks. The market is constantly changing, so staying vigilant and responding flexibly is crucial.

As the Bitcoin ecosystem continues to develop and institutional investors maintain their focus, we may see more interesting market dynamics in the future. However, the inherent high volatility of the cryptocurrency market reminds us that any investment decision should be based on thorough research and individual risk tolerance.