The recent performance of the Bitcoin market has drawn attention. Although there has been a slight rebound today, the overall trend still appears weak. Currently, the Bitcoin price is barely holding above the key support level of 108,000 dollars, which is critical for the short-term trend.

However, to reverse the current downward trend, the Bitcoin price needs to regain the range of 112,000 to 113,000 USD, which is near the 20-day Exponential Moving Average (EMA20). On the daily chart, bearish forces still dominate, putting considerable pressure on market participants.

Analysts point out that $108,000 is the current important support level, while $112,000 is the recent main resistance level. Investors are closely following these two key price levels, which may determine Bitcoin's direction in the short term.

Market observers suggest that in the current volatile environment, investors should remain vigilant and closely follow market trends and various factors that may affect Bitcoin prices. At the same time, it is also important to be aware of the high-risk characteristics of the cryptocurrency market, make cautious decisions, and allocate assets wisely.