Last night, the cryptocurrency market experienced a wave of severe turbulence, with Bitcoin prices showing a significant fall. This downturn was primarily triggered by market news factors, attracting widespread attention from investors.

After a brief bottoming process, Bitcoin prices are currently showing slight signs of recovery. However, from a technical analysis perspective, two consecutive large bearish candles have appeared on the 4-hour chart, breaking through the mid-channel support level. Although there has been a minor rebound in the short term, the overall bearish trend has not changed.

Regarding the upcoming market trend, if Bitcoin cannot strongly break through the current resistance level and continue to rise, bullish momentum may be severely impacted. Investors should closely monitor the price movements in the range of 113500 to 114000 dollars. If a shorting opportunity arises, the target can be set in the range of 112000 to 111000 dollars.

It is worth noting that if the downward trend fails to break through key support levels, investors should also remain flexible and be prepared to timely switch to a long strategy. In such a highly volatile market environment, risk management and timely adjustment of strategies are particularly important.

Whether professional traders or ordinary investors, everyone should closely monitor market trends, rationally analyze various influencing factors, and make prudent decisions based on their own risk tolerance.