Recently, the Bitcoin market has shown typical Elliott Wave characteristics, currently in the core phase of the ABC correction wave after a five-wave fall. From a technical perspective, the area around $114,800 may form an important resistance level, and investors might consider positioning short orders near this level. Meanwhile, $112,000 below serves as a strong support level on the daily chart, which is worth closely following.

It is expected that the ABC three-wave structure will unfold within this range, and it is likely to see a pullback towards around $112,000 in the short term. Therefore, investors can closely follow the development of this trend.

Based on the current market conditions, we can offer the following trading suggestions:
1. Consider opening a short order in the range of $114800-$114300, with a target level set at $112000-$112500.
2. Consider establishing a long position in the range of 112000-112500 dollars, with a target level set at 114800-114300 dollars.

It is important to note that the cryptocurrency market is highly volatile, and investors should carefully assess the risks when making any trading decisions, formulating appropriate trading strategies based on their own risk tolerance and investment objectives. At the same time, it is also very important to continuously follow market dynamics and various factors that may affect the price of Bitcoin.