Recently, the Bitcoin market has shown a fluctuating trend, with the current price approaching a key support area. Although the overall market sentiment is somewhat pessimistic, some technical indicators have entered the oversold zone, which may indicate a potential opportunity for a technical rebound in the short term.

From the daily chart perspective, the price has shown a certain degree of buying support after probing the low, forming a candlestick pattern with a lower shadow. This phenomenon indicates that there is a certain level of resistance below the current price, providing some support for the market.

However, it is worth noting that there is currently no significant increase in trading volume. This means that a fundamental change in market trends requires more confirmation signals. Therefore, the market may continue to maintain a volatile trend in the short term.

Considering that the current market is in a short-term Oversold state and close to important technical support levels, investors may consider participating with a small position to seize the potential Rebound opportunity. However, it is essential to carefully assess risks and develop an appropriate strategy based on individual risk tolerance before making any investment decisions.

For interested investors, the price range of 112,400 to 113,000 can be monitored. At the same time, it is recommended to set 112,000 as the stop-loss point to control risk. If a rebound occurs, 114,500, 115,500, and 116,600 can be set as phased targets.

Overall, although the market still faces challenges in the short term, some positive signals from the technical indicators may indicate potential rebound opportunities. Investors should remain vigilant, closely monitor market trends, and adjust strategies in a timely manner.