The Bitcoin market has recently shown a dramatically theatrical trend. On Friday, positively influenced by expectations of interest rate cuts, the Bitcoin price rapidly rose from around $111,600 to about $117,400, demonstrating strong pump momentum. However, this morning, the market experienced an unexpectedly severe fluctuation.

The price of Bitcoin suddenly experienced a sharp decline of about 4,500 points, a drop that exceeded the expectations of many analysts. This severe price Fluctuation once again highlights the high volatility of the cryptocurrency market.

Nevertheless, from the current market trend, the daily chart has begun to show signs of a rebound. This may suggest that the market is looking for a new equilibrium. Based on this observation, investors may tend to adopt a cautious low-position buying strategy. The market generally expects that the Bitcoin price may undergo a process of bottoming out and rebounding, ultimately hoping to close with a bullish candle.

It is worth noting that Bitcoin and Ethereum (commonly referred to as '大饼' and '仪态') as the leaders of the cryptocurrency market, their price trends often influence the overall market sentiment. For Bitcoin, some investors may consider looking for entry opportunities in the range of $111,500 to $111,000, with a target price potentially set around $114,000. As for Ethereum, the range of $4,630 to $4,600 may become a potential buying point, with the target price possibly around $4,800.

However, given the high-risk nature of the cryptocurrency market, investors should act cautiously and manage risks effectively. Sudden changes in the market can occur at any time, so it is crucial to continuously monitor market dynamics and adjust investment strategies promptly. At the same time, investors should also pay attention to broader economic factors, such as changes in global monetary policy and regulatory environments, as these factors can have a significant impact on the cryptocurrency market.