The price of Bitcoin is currently hovering around 113,300, exhibiting an overall downtrend. The technical indicators show that momentum is weakening, and trading volume has also shrunk, gradually approaching the key support level of 112,000.

From a technical perspective, moving averages and pattern analysis are simultaneously showing bearish signals. However, the support level at 112,000 is relatively strong, and the current trading volume has yet to provide a clear trend confirmation. Therefore, in the short term, the price of Bitcoin may either rebound or break below the support level.

Based on the current market situation, investors may consider setting a buy point around 112,000 and setting a target price level at 116,000. However, please note that the cryptocurrency market carries high risks, and investors should make decisions cautiously and manage risks effectively.

Recently, the price of Bitcoin has been more volatile, and market participants need to closely monitor changes in various technical indicators and market sentiment. The global macroeconomic situation, regulatory policies, and the attitudes of institutional investors may all have a significant impact on Bitcoin's price. When making investment decisions, it is advisable to consider multiple factors comprehensively and not to blindly chase highs and sell lows.