The current Bitcoin price is exhibiting a consolidating trend around $112,000. Market volume is gradually decreasing, and the technical indicators on the 4-hour chart show some signs of weakness. The MACD indicator is weakening, and the KDJ indicator has started to move down after crossing, suggesting that there may be some downward pressure in the short term.

However, from the daily level, the technical indicators still maintain a strong momentum. The KDJ indicator shows strength, and the MACD indicator is about to form a golden cross, all of which are positive signals. In the absence of significant negative factors, the overall trend of Bitcoin remains optimistic.

Investors can view $110,400 as an important support level and maintain a bullish outlook. If there is a successful breakout from the current consolidation range, the next target price may point towards above $114,000. However, given the short-term adjustment pressure, investors should closely monitor market changes and adjust strategies accordingly.

It is worth noting that the cryptocurrency market is highly volatile, and investors should carefully assess risks and reasonably allocate assets. At the same time, attention should be paid to global macroeconomic conditions, changes in regulatory policies, and other factors, as these may have a significant impact on Bitcoin prices.