The Bitcoin market has recently experienced a certain degree of pullback, but this does not mean that the bull run has ended. According to Technical Analysis, as long as the Bitcoin price does not effectively fall below the key support level of 114000, the current downward trend can still be seen as a normal market adjustment.

This pullback may stem from various factors, including some investors choosing to take profits, large institutions conducting strategic washouts, or the natural cooling of the previously overheated FOMO (Fear of Missing Out) sentiment.

From the weekly chart perspective, Bitcoin still maintains a relatively strong upward trend. In this case, investors should remain patient and closely monitor the performance of the key price level of 114000. If this support level can be effectively held, it may lay the foundation for Bitcoin's future rise.

However, investors should also be aware of the high volatility of the cryptocurrency market. Even if the overall trend is positive, there may still be significant fluctuations in the short term. Therefore, when making any investment decisions, one should fully consider their own risk tolerance and conduct a comprehensive market analysis.

Overall, although Bitcoin is currently in a pullback phase, as long as the support level of 114000 remains solid, the long-term bullish sentiment in the market still exists. For confident investors, this may be a good opportunity to observe and wait.