This morning, with the release of the Federal Reserve meeting minutes, the cryptocurrency market experienced a wave of volatility. The price of Bitcoin fell from around $114,300 to $113,200, but quickly stabilized at this key support level. Subsequently, the market showed significant resilience, and the coin price began a steady stepwise increase.

Currently, Bitcoin has successfully returned above $114,000, demonstrating a strong rebound momentum. This trend not only validates the importance of the $113,200 support level but also highlights the market's resilience. After this powerful liquidation, the bullish camp seems to have gained a more solid foundation.

It is worth noting that the current step-up pattern suggests that buying power is steadily accumulating, and market sentiment is gradually turning optimistic. If Bitcoin can solidify its position above $114,000, there is a possibility of a subsequent push towards the $115,000 mark, and it may even open up a larger scale upward trend.

At the same time, Ethereum, as another important indicator in the market, has also shown a similar trend. Overall, although it may still face fluctuations in the short term, the medium-term outlook for the encryption currency market seems to be developing positively.

Investors should closely monitor the movement around the key level of $114,000, as it may become an important indicator for judging the market's direction. At the same time, be aware of the potential risk of a pullback and maintain a rational investment attitude.