Yesterday, Bitcoin ( BTC ) price once again touched the key support level of 112,000 yuan, but failed to break through the downward channel. It is worth noting that the daily chart RSI indicator showed a slight bullish divergence, indicating that the market may be experiencing short-term oversold signs.

However, from the perspective of trading volume, the decline yesterday was still accompanied by a significant trading volume, which suggests that selling pressure still exists. Considering both the technical aspects and market sentiment, Bitcoin may experience a period of consolidation around the current price level in the short term.

Investors need to pay close attention to the subsequent price trends and the alignment with trading volume. If trading volume gradually shrinks while prices stabilize and rebound, it may indicate that a short-term bottom has formed. Conversely, if there is another significant drop in volume, one should be wary of the risk of further adjustments.

Regardless, the cryptocurrency market is highly volatile, and investors should remain rational, manage risks, and avoid blindly chasing up or down trends. At the same time, closely monitor the macroeconomic situation and changes in regulatory policies, as these factors often have a significant impact on Bitcoin price movements.