The Bitcoin market is at a critical moment, and the future trend may exhibit two completely different scenarios.

In the first scenario, the price of Bitcoin may show an upward trend. Currently, Bitcoin has experienced a drop, rebounding after hitting a low of 112,000. It is now facing a second attack, with key resistance levels between 115,000 and 115,500. If it can break through this resistance zone and hold steady on the 4-hour, 6-hour, and 8-hour charts, with the MACD indicator turning positive, it is likely to trigger an upward trend at the daily level. This could be the last opportunity for an upward movement at the daily level.

However, the second scenario is relatively pessimistic. If this rebound fails to break through the key resistance level, the price may decline again. Considering that the previous rebound around 112,000 may have only been a brief technical rebound, if the daily chart breaks below the support level near 113,000, the price could further drop to around 108,500. Worse still, if a top divergence appears on the 3-day line, it may trigger a weekly level adjustment, with the support level potentially falling to the 15-day moving average position around 75,000.

From a longer-term perspective, the starting point of this bull market began near the 60-day moving average (around 15,000), with the main upward trend reflected at the weekly level. Currently, the weekly MACD has gone through four adjustment cycles. If there is a divergence at the weekly level, even if the price dips and then rebounds near the 15-day moving average around 75,000, there is still uncertainty about whether the bull market can continue.

Investors should closely monitor changes in these key price levels and technical indicators, manage risks effectively, and maintain a rational perspective on market fluctuations. Regardless of how the market changes, it is crucial to remain calm and conduct objective analysis.