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The Bitcoin market showed signs of weakness today. A review of yesterday's market indicates that short positions continued to dominate the market direction. During the daytime trading session, the price of Bitcoin briefly reached a high of $115,000, but with unfavorable news in the evening and the negative impact of the US stock market, the price quickly fell to around $112,500.
Despite some signs of a slight pullback at present, the market overall shows a trend of gradually decreasing peaks, indicating strong selling pressure above. From a technical perspective, the range of $114,500 to $115,000 could become a key resistance level.
Given the current market environment, investors should remain cautious in day trading and may consider positioning short positions at high levels. However, it is also important to be aware that prices may find support in the range of $112,500 to $110,000.
It is worth noting that the cryptocurrency market has always been highly volatile, and investors must manage risks effectively by setting reasonable stop-loss positions. At the same time, closely monitor the global macroeconomic situation, changes in regulatory policies, and the investment trends of large institutions, as these factors can significantly impact Bitcoin prices.
In this market full of uncertainty, it is especially important to remain calm and rational. Whether bullish or bearish, trading strategies should be based on in-depth market analysis and personal risk tolerance.