The Bitcoin market has recently shown interesting technical trends. After the earlier Elliott Wave Theory downtrend structure was completed, the market has entered the ABC adjustment wave segment as expected. Currently, this adjustment fluctuation is mainly concentrated in the range of 114800 to 112500.

It is worth noting that the B wave of the ABC correction has stabilized at the position of 113200, creating conditions for the rebound of the C wave. Market participants generally expect that the upcoming C wave rebound may push the Bitcoin price towards the upper limit of the adjustment range at 114800.

For traders, this may be a potential entry opportunity. It is recommended to consider establishing long positions in the range of 113300 to 112800, with a target price set at 114800. If the trend is strong, one might even expect it to reach around 115500.

However, investors should keep in mind that the cryptocurrency market experiences significant fluctuations, and risk management is crucial. At the same time, closely monitoring global economic events for their potential impact on the market is also a wise move.

With this technical rebound of Bitcoin, the entire cryptocurrency market may be boosted. Investors are closely watching whether this trend can sustain and its impact on overall market sentiment.