#中美贸易磋商 Bitcoin is currently hovering around the 114300 support level, which is not just an ordinary technical support level, but also a crucial dividing line between bullish and bearish forces.

If this support level is effectively breached, the market may face three important downward testing areas: first is 113700, then 113200. If these positions cannot be maintained, the market may completely shift into the realm of bear control, and the downward trend may accelerate.

The current market is experiencing such repeated fluctuations, likely due to big funds carefully positioning themselves. They induce bulls to open positions from above and lure bears to enter from below. During the process of repeatedly washing out both sides, they create panic, forcing retail investors to part with their chips at the most unfavorable price points.

It is worth noting that the market has shown some negative signals: trading volume has significantly shrunk, selling pressure continues to increase, and the strength of the rebound has weakened. If the 114300 support level is clearly broken, it may trigger a large number of stop-loss orders, causing the price to quickly drop to the levels of 112000 or even 110000.

At this critical moment, the market must either hold the support and form a strong upward rebound, or face the risk of a sharp decline. Market volatility is not over yet, but in this uncertain environment, emotional management often determines success or failure. Stay calm, clearly judge the market rhythm, and real investment opportunities are often hidden in the chaos of the market.