Bitcoin has recently pulled back after reaching a historic high, currently hovering around $115,000. Market focus is on the upcoming Fed interest rate decision, which could be a key factor for the next round of Bitcoin's market movement.

Currently, the price of Bitcoin is $115,047, slightly down from the previous period. The technical analysis shows that $114,000 is an important support level, while $116,000 is a key resistance level. Market sentiment has shifted from previous optimism to caution, with investors' attitudes becoming neutral.

It is worth noting that the Fed's interest rate decision at 2 a.m. on September 18 is highly anticipated. There is a general expectation that the Fed may announce a rate cut, which could become an important driving force for Bitcoin prices. However, before the official announcement, some investors chose to take profits, resulting in a pullback in Bitcoin prices from their peak.

Although Bitcoin is showing a pullback in the short term, the overall upward trend has not changed. Institutional investors continue to make large bullish bets, indicating their confidence in Bitcoin's medium-term performance. From a technical analysis perspective, while it is in a pullback phase in the short term, the downward momentum is weakening, and there is a possibility of a rebound.

For investors, if the Bitcoin price finds effective support around $114,000, it may be worth considering to gradually build a position, with target price levels set in the range of $116,500 to $117,500. However, investors should also be aware of potential risks and closely monitor the Fed's decisions and their impact on the market.

Overall, the Bitcoin market is at a critical moment, and the Fed's policy decisions may trigger a new round of market movements. Investors need to stay vigilant, seizing potential investment opportunities while also managing risks.