The Bitcoin market has shown some volatility recently. Last night, the Bitcoin price experienced a slight rebound, reaching a high of $112,625, but then encountered resistance and began to pull back.

Currently, the price of Bitcoin is still fluctuating within a narrow range of $109,000 to $113,000. This range is consistent with previous expectations, indicating that the market is searching for a new direction.

Looking ahead, Bitcoin may continue to fluctuate within this range, and there may even be a trend of further decline. Market participants should closely monitor the Short-Term Holder Realized Price (STH-RP) indicator, as this could become a key support level for future price movements.

Although there may be some downward pressure in the short term, investors and traders must remain vigilant and closely monitor market trends. The global macroeconomic environment, changes in regulatory policies, and the attitude of institutional investors may all have significant impacts on Bitcoin prices.

In this market environment, investors should remain calm and avoid blindly chasing highs and selling lows. Instead, they should make informed decisions based on their investment strategy and risk tolerance. At the same time, it is important to pay attention to the fundamental developments of the Bitcoin network, such as changes in hash rate and on-chain activities. These factors often provide valuable insights into long-term price trends.