The Bitcoin market has shown a lackluster performance recently, with prices hovering within a defined range, engaging in a tug-of-war around key support and resistance levels. After the opening of the US stock market yesterday, Bitcoin attempted to break through the resistance level of 112500 USD but was unsuccessful, subsequently falling back to around 110800 USD.

The current market atmosphere indicates that while Bitcoin shows some signs of rebound, the momentum is insufficient, and the overall situation remains dominated by bears. Before a clear trend-breaking breakthrough occurs, investors may consider adopting a high-position short-selling strategy.

The specific operational advice is as follows: look for short-selling opportunities in the range of $112,500 to $111,800, with key target levels below to watch being $110,500, $109,600, and $109,150. If the price reaches these lower targets, investors may also consider counter-trend operations, attempting to go long.

It is important to note that the cryptocurrency market is highly volatile and carries significant risks. Investors must conduct thorough market analysis and risk assessment before making any trading decisions. Additionally, closely monitoring macroeconomic conditions, regulatory policy changes, and major industry events is crucial, as these factors can significantly impact the price of Bitcoin.

In this volatile market, it is crucial to maintain patience and calmness. Do not rush to chase highs and sell lows; instead, wait for clearer market signals. At the same time, use stop-loss strategies wisely to control risks and ensure the safety of funds. For long-term investors, this range-bound fluctuation may provide a good accumulation opportunity, but it is still necessary to cautiously assess market risks.