Recently, the Bitcoin market has seen some movements worth following. After reaching a high of $117,630, the price started to retreat, entering a relatively low narrow fluctuation range, with the current fluctuation range between $116,317 and $117,630.

From a short-term trend perspective, the market shows signs of consolidation and fluctuation. For investors seeking entry opportunities, it may be worth considering placing long positions around the $116,200-$115,800 range. If the market can maintain its current momentum, it may target $119,000-$121,000 in the future. Once this key resistance level is broken, the market may welcome further upward space.

It is worth mentioning that there have been recent reports indicating that Trump has an open attitude towards investing in cryptocurrency through 401(k) retirement accounts. This policy signal may have a certain impact on the cryptocurrency market, and investors should closely follow the relevant developments and their potential effects on market sentiment.

However, we also need to bear in mind that the cryptocurrency market has always been subject to significant fluctuations. Investors should fully consider risk factors when making decisions, allocate assets reasonably, and avoid betting all funds on a single market. At the same time, continuously follow global macroeconomic conditions, changes in regulatory policies, and other factors, as these could have a significant impact on Bitcoin prices.