The Bitcoin market is at a critical moment, with all investors closely following the important price level of $110,000. This price level is not only the historical high point of the last bull run, but it has now become a key support line for the market, which is crucial for future trends.

If Bitcoin's price falls below $110,000, the market may further probe around $100,000 for support. However, if it can hold steady at the $110,000 level, the likelihood of breaking through $116,000 will greatly increase.

This key position not only affects Bitcoin but could also trigger a chain reaction across the entire cryptocurrency market. If Bitcoin can break through resistance, other cryptocurrencies may experience a strong upward trend.

Investors should closely follow the fluctuations at this price level, as it may indicate the future direction of the entire cryptocurrency market. Regardless of the outcome, this will be a key moment in determining the direction of the current market cycle.