Recently, the Bitcoin market has displayed a clear falling trend. Despite multiple attempts to rebound, each time it has failed to break through key resistance levels, which not only reflects the immense selling pressure above but also indicates that the buying power is relatively weak.

Currently, the Bitcoin price is in a low-level oscillation state. However, this oscillation does not mean that the trend is about to reverse; it is more like a consolidation phase during a downward process. This market behavior usually indicates that there may be further falling space in the future.
In this market environment, investors need to stay vigilant. If the price appears within the range of 111600 to 112100, it may be an opportunity to establish a short position. If this strategy is implemented, the next target price to watch may be around 109000.
However, the market is ever-changing, and investors should fully consider their risk tolerance before making any decisions, along with more market information and technical analysis. By closely monitoring market trends and flexibly adjusting strategies, one can seek opportunities in this challenging cryptocurrency market.