Recently, the Bitcoin market has shown some fluctuation. After reaching the support area of 112,000, the Bitcoin price is currently experiencing a rebound on the hourly level. Analysis shows that this rebound may encounter a resistance area between 114,200 and 114,700.

Investors should closely monitor the intraday market, especially the performance of the aforementioned resistance area. If the price fails to break through 114,700, the market may experience a rebound. In this case, the next focus will be the support level at 113,000. If the hourly level continues to decline, the position at 112,000 will become an important observation point. It is worth noting that 112,000 is precisely the support level at the weekly level, which may provide investors with a relatively safe entry opportunity.

However, market participants should bear in mind that the cryptocurrency market has always been characterized by significant fluctuations, and any investment decision should be based on comprehensive market analysis and individual risk tolerance. At the same time, closely monitoring the global macroeconomic environment and the latest developments in the cryptocurrency industry is also an important basis for formulating investment strategies.