The recent price movement of Bitcoin (BTC) has attracted market attention. According to technical analysis, the upward trend line of BTC has been broken, which may indicate downward pressure in the short term. However, market participants should closely monitor the important support level around 112000. This level is not only a strong support at the neck line position but also coincides perfectly with the 12-hour Vegas tunnel, increasing its significance as a key price point.

If the price falls back to this support level, we may see the cloud indicator on the daily chart also approaching its lower limit. The convergence of such technical indicators often suggests a potential significant rebound. However, it is still unclear whether this will trigger the beginning of a new upward trend or merely a short-term technical rebound.

Investors and traders should remain cautious and closely monitor market dynamics. Before making any investment decisions, it is advisable to consider multiple factors, including but not limited to the macroeconomic environment, industry news, and regulatory trends. As the market continues to evolve, we will be able to assess more clearly the nature and sustainability of this potential rebound.

Regardless, the volatility of the Bitcoin market has always been one of its characteristics, and participants should always maintain risk awareness and formulate reasonable trading strategies.