The cryptocurrency market experienced ups and downs over the weekend, with Bitcoin price movement resembling a roller coaster. After reaching a high of 117,400 on Friday, the market came under pressure and fell back. During the weekend, the Bitcoin price continued to fluctuate downwards, with a sharp decline occurring in the early hours, dropping to a low of 110,500 at one point. Subsequently, the price rebounded and has now returned to around 113,000.

Despite significant price fluctuations in the short term, this may just be a temporary market reaction. Overall, the price movement of Bitcoin is still in a normal structural adjustment phase. It is worth noting that today it has once again touched the 110,000 region, indicating that the support below remains strong, demonstrating the resilience of the market.

For short-term investors, attention can be paid to buying opportunities in the range of 113,000 to 112,500. If market sentiment continues to improve, prices are expected to reach the target range of 115,000 to 115,500. However, considering the recent high volatility in the market, investors should operate cautiously and manage risks well.

Overall, despite the severe fluctuations in Bitcoin prices in the short term, the fundamentals of the market have not undergone fundamental changes. Investors need to remain calm, closely monitor market trends, and adjust their investment strategies in a timely manner.