The latest data shows that the price of Bitcoin (BTC) is currently fluctuating around $111,063, with a long-short trend index of 52/100, indicating a neutral to bullish sentiment. In the past two days, BTC has seen a slight rise, but the momentum is insufficient, still oscillating within a narrow range of $110,000 to $112,000.

From a technical perspective, there are signs of a rebound in the short term, but the market still faces moving average pressure in the medium to long term, and the market direction remains unclear. If Bitcoin can stabilize above $111,000, it is expected to further challenge the $113,000 level; however, if it falls below the $110,000 support, it may retreat to around $108,500.

Multi-period K-line analysis shows that on the 15-minute chart, the moving averages are intertwined, MACD has just shown a weak golden cross, and the RSI is at 53.38, indicating a short-term neutral situation. The 1-hour chart shows that the moving averages are stuck, with the price being suppressed by the 25MA, MACD's death cross continues, and the RSI is at 48.48, indicating insufficient rebound momentum. On the 4-hour chart, the price oscillates near the 7MA and 25MA, MACD is close to the zero axis but the momentum is weakening, and the RSI is at 51.13, with an unclear trend. The daily chart shows that the price is still below the MA7, suppressed by the MA25, MACD's death cross green bars are expanding, and the RSI is at 45.67, indicating a bearish bias in the medium term. The weekly chart, however, maintains a long-term bullish trend, with MACD's red bars contracting and the RSI at 55.81, indicating that long-term funds have not shown a significant weakening.

The comprehensive analysis of technical indicators shows that Bitcoin shows signs of stabilization in the short term, but the medium to long-term trend remains unclear. The RSI exhibits a fluctuating trend across various periods, and the moving average system indicates a short-term rebound, but overall it remains below the 25MA and 99MA, and the trend has not fully recovered. In terms of trading volume, the rebound volume is limited, and there has been no significant shift in the funding situation.

On a macro level, US tech stocks have seen a slight pullback, as the market awaits signals from the upcoming FOMC meeting, leading to a rising cautious sentiment towards risk assets. Data shows that long-term holders of Bitcoin are slightly increasing their positions below $111,000, indicating that some investors are accumulating on dips. Meanwhile, there has been a net outflow of approximately 3,500 BTC from exchanges, which may provide some support for the price in the short term. However, the continued strengthening of the US dollar index may suppress the performance of risk assets such as Bitcoin in the near term.

Overall, Bitcoin is currently in a critical price range, with intense competition between long and short positions. Market participants should closely monitor the direction of the breakout and make investment decisions based on the macroeconomic situation and technical indicators.