Recent market observations show that Bitcoin is presenting a bullish wedge pattern on the 4-hour chart, attracting investors' attention. However, there is still uncertainty in market sentiment, and it is not yet possible to determine whether a substantial pump will occur.

Analysis indicates that if Bitcoin wants to initiate a new round of pump, it must break through and stabilize above the 112,000 level. If it fails to break through this resistance, the bullish momentum may struggle to sustain. It is worth noting that Bitcoin has fallen over 14,000 from its previous high, and further significant decline may have limited room.

For short-term trading strategies, investors may consider looking for potential entry opportunities in the range of 109,000 to 109,500. If the market rebounds, the target price can be set in the range of 112,000 to 112,500.

However, investors must keep in mind that the cryptocurrency market is highly volatile and carries significant risks. Before making any investment decisions, one should thoroughly assess their own risk tolerance and conduct comprehensive market analysis. Closely following market trends and timely adjusting strategies will be key to coping with the current market uncertainties.