Bitcoin (BTC) currently shows an overall bullish but high-level volatile market characteristic. The recent sideways movement is likely a consolidation phase after a significant pump in coin price, preparing for the next potential rise. However, investors still need to be cautious of the pullback pressure that may occur in the short term.

From an operational strategy perspective, it is recommended that investors pay attention to low buy opportunities after a pullback. Focus on the key support range of 109500 to 110000. If the price falls back to this range and shows signs of stabilization, it may provide a good entry point for bulls.

It is worth noting that if the price can break through the current range, the upper target may point to the area of 111000 to 112000. However, before making any trading decisions, investors should conduct a comprehensive assessment based on their own risk tolerance and market changes.

The current market is in a critical period, and investors need to remain vigilant, closely monitoring market trends and potential breakout or breakdown signals. At the same time, attention should also be paid to the global macroeconomic environment and the latest developments in the cryptocurrency industry, as these factors may have a significant impact on BTC price movements.