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Recently, the price of Bitcoin has shown a certain level of volatility. During the weekend, the price of Bitcoin experienced a corrective pullback, touching levels around $114,500, filling in the previous price gap. Currently, the price of Bitcoin is oscillating within the range of $114,500 to $115,700.
Investors are closely monitoring the market trends on Monday to determine possible breakout directions in the future. Within the current price range, some traders are adopting a buy low, sell high strategy to seize short-term opportunities.
From a technical perspective, around $114,500 may become a key support level. If the price can hold above this level, the upward target may point to $115,700. If it can break through this resistance level, the next important threshold may be around $117,300.
However, market participants should also closely monitor macroeconomic data and changes in global financial markets, as these factors may have a significant impact on Bitcoin prices. In addition, the attitudes of institutional investors, particularly family offices in Asia regarding their allocation strategies for crypto assets, may also become an important factor influencing market direction.
In this market situation, investors need to remain cautious, manage risks well, and adjust their strategies in a timely manner according to market changes.