Bitcoin's price trend today shows a pattern of rising first and then falling. After a brief pump in the morning, the price of Bitcoin began to decline continuously, breaking through the important support level of 112000. Currently, Bitcoin is hovering around 111000, which is exactly the starting point of the rise at the beginning of this month.

Overall, market sentiment leans bearish. The original support level of 112000 has now turned into a new resistance level. Looking ahead to tonight's market, 112000 will be a key resistance point. If this level cannot be broken, the price of Bitcoin may further drop to the low of 110000.

The current Bitcoin price is fluctuating around 111600. From a technical perspective, it may continue to face pressure in the short term. If the price rebounds to around 111900, it may encounter greater selling pressure. 112400 is an important defense level, and breaking through this position could change the short-term trend. However, if it fails to break through the above resistance levels, 110000 will become the next important support level.

Investors should closely monitor the changes in these key price levels, while also paying attention to market sentiment and external factors that may impact Bitcoin prices. In such a volatile market, risk management becomes particularly important.