The recent price movement of Bitcoin has shown some interesting changes. After reaching the support area of 112000, it is currently experiencing an hourly Rebound. During this Rebound, investors need to closely monitor the resistance area between 114200 and 114700.

In the short term, 114700 is a key price point. If this level cannot be broken, we may see a price retreat. In this case, 113000 will become the next important observation target. If the hourly downtrend continues, then the position of 112000 becomes particularly important.

It is worth noting that 112,000 is not only a short-term support level but also an important support at the weekly level. From a long-term investment perspective, when the price of Bitcoin approaches this level, it may provide a good entry opportunity for investors.

However, we must also be aware that the cryptocurrency market is highly volatile, and investors should conduct thorough research and risk assessment before making any decisions. The price movement of the market may be influenced by various factors, including but not limited to global economic conditions, regulatory environment, and technological developments.

Overall, the current price movement provides us with a good opportunity to observe market trends. Whether you are a short-term trader or a long-term holder, you should closely follow these key price levels, as they may have a significant impact on future movements.