Recently, the Bitcoin market has seen notable technical changes. The break of the rising trend line has raised concerns among investors, but the market seems to be looking for new support points.

Analysis shows that there is an important support area near 112000. This position is not only a strong support formed by the neckline but also coincides with the 12-hour Vegas Tunnel, which increases its significance. If the price retraces to this level, the daily cloud indicator may also touch the bottom, and this convergence of multiple technical indicators often signals potential rebound opportunities.

However, the future direction of the market remains uncertain. While strong support levels may trigger a significant rebound, it is still unclear whether this will evolve into the beginning of a new rising cycle or if it is just a short-term technical rebound.

Investors should closely monitor the price performance near this key support level, as well as the subsequent possible changes in volume and price. Market sentiment and macro factors will also play an important role in determining the next direction of Bitcoin.

In this variable market environment, maintaining a cautious and flexible trading strategy is particularly important. Continuously monitoring market dynamics and adjusting investment decisions in a timely manner will be a wise move to respond to the current situation.