Recently, the Bitcoin market has shown a complex trend. Technical Analysis indicates that there are several key price points that need to be followed. The upper resistance levels are at $114,698, $115,490, and $116,416, while the lower support levels are in the range of $113,465 to $113,297, with $112,824 considered the critical bottom line.

From a medium-term perspective, Bitcoin is currently in a rebound phase of the 36-hour cycle, but there are also signs of a top divergence, which may indicate a weakening of upward momentum. On the daily chart, the price is below the zero axis, further confirming the overall bearish atmosphere in the current market.

However, there is still a possibility of a rebound in the short term. The 2-hour chart shows signs of a bottoming pattern, and if the pullback does not break the previous low, it could lead to a new round of upward movement. However, it is important to note that the strength of this rebound may be limited, and market participants should remain vigilant.

Overall, although a rebound may occur in the short term, the medium to long-term trend remains weak. Investors should comprehensively consider technical indicators from multiple time frames when making decisions and closely follow market changes to develop appropriate trading strategies. At the same time, attention should also be paid to risk management, setting reasonable stop-loss levels to cope with potential downward risks.