Recently, the Bitcoin market has shown some fluctuation. From the four-hour level technical analysis, after experiencing two bearish belt hold candles, Bitcoin found strong support near the lower band of the Bollinger Bands at 110714 on the one-hour level, stabilizing in price and showing a slight rebound.

Although the four-hour level is still in a downtrend, the current rebound may change this situation. Investors should closely watch the key resistance level around 111600. If it breaks successfully, long positions could be considered. Overall, there is still upward potential in the market.

Currently, the price of Bitcoin may fluctuate between 111300 and 111000, with the upper target potentially reaching 113500. If it breaks through, it is expected to challenge the 115000 level.

It is worth noting that other cryptocurrencies such as Ethereum (ETH) and Solana (SOL) are also worth paying attention to, as their trends may influence the direction of the entire cryptocurrency market.

In the current market environment, investors should maintain a cautiously optimistic attitude, closely monitor market trends, and manage risks effectively. At the same time, attention should also be paid to the performance of AI-related sectors, as they have shown outstanding performance recently and may have an indirect impact on the cryptocurrency market.