In the turbulent cryptocurrency market, investors often face the challenge of emotional fluctuations. However, even in a downtrend, there are still potential stable investment opportunities.

Recently, Bitcoin has experienced a significant price fluctuation. It dropped from a high of 115,847 last night to a low of 112,714 in the early hours, and then entered a small range of consolidation.

Currently, the price range of 112,700 to 113,000 has become a key initial support level. If Bitcoin can hold its ground in this range, it may alleviate some of the 下行 pressure. However, if it breaks this support level, we may see the price further dip to around 110,000.

From a technical analysis perspective, the hourly MACD indicator is currently below the zero axis, indicating that bearish strength still exists, but the downward momentum has weakened. The next movement will depend on the breakout direction of the current consolidation range.

Based on the current market situation, investors may consider looking for opportunities around 112,540 to 112,040, while setting around 110,540 as a potential target.

It is important to note that the cryptocurrency market is constantly changing, and investors should remain vigilant at all times, closely monitoring market trends and making informed investment decisions based on their individual risk tolerance. In this uncertain market, it is essential to stay calm and rational.