Recently, the Bitcoin market has shown characteristics of high-level volatility, with prices starting to decline after encountering resistance at the critical level of $116,000. Currently, the market has fallen below the support level of $113,000, reaching a low of around $112,600. If it continues to fall, the next support level may shift to the previous low.

From a technical analysis perspective, the MACD indicator shows that the histogram remains negative and below the zero line, indicating that the overall market is still in a weak position. However, the downward momentum has slowed, which may suggest that a change in the market is approaching. At the same time, the RSI indicator is hovering around 30, close to the oversold range, which means there may be an opportunity for a technical rebound.

Although there is currently no clear trending market, investors can pay attention to the following key price levels:

1. The range of $112,400 to $112,900 may become a short-term resistance level.
2. If a rebound occurs, you can pay attention to the potential target range of $113,600 to $114,100.
3. For other cryptocurrencies, such as Ethereum, you can pay attention to the $4040 to $4060 range as a potential support level, while the $4140 to $4160 range may become a resistance level.

Considering the current market environment, investors should remain cautious, and adopting a defensive strategy is crucial. It is advised to flexibly adjust trading strategies based on real-time market trends, avoiding blind chasing of gains and panic selling. At the same time, closely monitor market movements and changes in various technical indicators to seize potential trading opportunities in a timely manner.