The Bitcoin market has once again plunged into turmoil, with prices dipping to around 113,000 at one point. Currently, this price level has become a key battleground for both bulls and bears, and the market direction may soon experience a significant turning point.

From an overall trend perspective, the bears still dominate, but the market situation is changing rapidly. In the short term, the price of Bitcoin may see a slight rebound, expected to reach around 114,000. However, this rebound is likely to be short-lived, followed by a new round of declines.

Investors need to closely monitor the performance of the key support level at 113,000. If this position is broken, it could trigger a larger-scale sell-off, further pushing the price towards the levels of 112,500 or even 112,000.

In this highly uncertain market environment, investors should remain cautious and practice risk management. Whether bullish or bearish, it is essential to set strict stop-loss levels to cope with potential severe fluctuations. At the same time, it is important to keep an eye on market trends and adjust strategies as needed.

It is worth noting that the cryptocurrency market has always been highly volatile. Investors should not easily chase after rising prices or sell off during dips, but rather develop a reasonable trading plan based on their own risk tolerance and investment goals. In this rapidly changing market, maintaining calm and rationality is more important than any technical analysis.