The latest market analysis shows that Bitcoin has undergone significant technical changes on the four-hour chart. The Bollinger Bands are in an opening state, and the price has broken through the lower band, a phenomenon that usually indicates that short positions are gaining strength. In fact, this breakthrough has been brewing for nearly two weeks.

Market observers predicted as early as mid-month that a significant drop might occur by the end of the month, and this expectation has now been validated. Currently, the Bitcoin price has fallen to around 115000, showing a clear downward trend.

Investors should closely monitor the key support level of 111000 for the upcoming market direction. If the price continues to decline and breaks through this level, it could trigger a deeper correction.

However, the market is always full of uncertainties, and investors need to take into account other factors when making decisions, such as the macroeconomic environment, changes in regulatory policies, and the movements of institutional investors. By closely monitoring market dynamics and effectively managing risks, one can navigate this volatile market with ease.