Recently, the Bitcoin market has shown a fluctuating upward trend. From the four-hour chart, the price rebounded after touching the middle band of the moving average, and is currently forming a fluctuating range above the middle band. This corrective fluctuation is actually part of the larger upward trend.

Although the market has experienced a certain degree of pullback, it has not formed a sustained decline, which suggests that there is still room for further upward movement in the future. Therefore, investors may consider establishing long positions at lower levels.

From a specific price range perspective, around 111000-111500 USD may be a good buying opportunity, while the upper target price can be focused on around 113500 USD. This prediction is based on the current market structure and technical analysis.

It is worth noting that the entire cryptocurrency market appears to be gradually warming up. In addition to Bitcoin, other mainstream cryptocurrencies such as Ripple (XRP) and Ethereum (ETH) are also worth paying attention to. This general upward trend may be related to the market's expectations for the Federal Reserve's potential interest rate cuts in the future.

However, investors should also keep in mind that the cryptocurrency market is highly volatile, and they must exercise caution and thoroughly assess risks when making investment decisions.