The Bitcoin market has recently entered a relatively adjusting phase, showing an overall downward trend. From the 4-hour chart, the Bitcoin price has fallen below the middle band of the Bollinger Bands and continues to decline, approaching the previous low support level.

Although the current market sentiment is cautious and multiple bearish signals have emerged, it is worth noting that a bottoming pattern is also forming simultaneously. This phenomenon indicates that, despite significant downward pressure in the short term, the market has not completely ruled out the possibility of a rebound.

From a specific price level perspective, there may be buying opportunities around $113,000. If a rebound occurs, the price is expected to rise to the $115,000 area. However, investors still need to closely monitor market trends and proceed with caution.

Currently, the Bitcoin market is at a critical crossroads. Although the downward trend is evident, the presence of bottom support offers a glimmer of hope for a potential reversal. Investors should remain vigilant, guarding against the risk of further falls while also preparing for a possible rebound.

In this uncertain market environment, reasonable risk management and patient observation are particularly important. Whether to choose to buy on dips or continue to wait and see, it is necessary to make prudent decisions based on one's own risk tolerance and investment strategy.