Analyzing the fibonacci retracement level for Bitcoin price movement reveals the current key support level. On the four-hour chart, $14.25 is an important judgment point. If the price cannot hold above this level, it is likely to pull back to around $12.8, which is also the previously suggested take profit position. However, if it can successfully break through and hold above $14.25, it may quickly re-enter the rise channel.

Observing the recent price movement, especially the recently appeared pin bar candlestick, I tend to believe that breaking above 14.25 USD is quite challenging. It is recommended to closely monitor the four-hour candlestick closing around 12 o'clock, as this will provide clearer guidance for the subsequent trend.

The market changes rapidly, and investors need to stay vigilant, closely monitoring price movements and changes in technical indicators. Whether it is a breakout to the upside or a continued pullback, appropriate risk management and strategy adjustments must be made. In this uncertain market, it is especially important to remain calm and rational.