The cryptocurrency market has been sluggish recently, with Bitcoin's price failing to show a significant rebound. On Tuesday, after Bitcoin fell below the 113,000 mark, it continued to oscillate at low levels. This market behavior may be interpreted as a state of accumulation, seemingly waiting for investors to buy the dip. However, we need to remain cautious and should not be easily deceived by this appearance.

From a technical perspective, around 113,500 may become a new resistance level. If the price cannot break through this level, it may continue to fall to 112,000 in the short term. If this support level is broken, the next important support range is between 111,000 and 110,000.

In the current market environment, investors should closely monitor price trends and changes in trading volume, avoiding blind chasing of price spikes and panic selling. At the same time, it is important to pay attention to macroeconomic factors and regulatory policies that may impact the cryptocurrency market. Maintaining rationality and patience, and waiting for clearer market signals, is the wise choice.

Although the market may face downward pressure in the short term, Bitcoin's position as a digital asset remains solid in the long run. Investors need to balance short-term risks and long-term potential when formulating trading strategies, making appropriate decisions based on their own risk tolerance.