Recently, the performance of the Bitcoin market has attracted attention. After experiencing support around 108500 dollars, the price of Bitcoin began to fluctuate and consolidate. Today, with the increase in volume, the price of Bitcoin has broken through the important threshold of 110000 dollars, which has brought confidence to short-term long positions.

Currently, investors are closely monitoring the resistance in the range of $111,200 to $111,500. If Bitcoin can establish a foothold in this range, it is likely to continue rising.

For investors looking to participate, the price range of $109,800 to $110,200 may be a worthwhile entry point. If the market develops as expected, the price is likely to reach around $112,000. However, investors should also pay attention to risk management and it is advisable to set the stop-loss level below $108,800.

It is important to emphasize that the cryptocurrency market is highly volatile, and investors should act cautiously, conducting thorough risk assessment and management. Additionally, as the market environment changes rapidly, investors need to closely monitor various factors that may impact the market and adjust their strategies in a timely manner.