Recently, the Bitcoin (BTC) market has shown complex price dynamics. According to various analyses, the short-term support level for BTC is around $110,000, the medium-term support level is $106,000, and the long-term support level reaches $111,909. Correspondingly, the short-term resistance level is set near $120,800, the medium-term resistance level is at $120,000, and the long-term resistance level is located at $114,790.

For traders, the current instant buy price is approximately $114,543, while the long-term buy price is set at $110,000. As for the selling price, the instant selling price is $120,000, and the long-term selling target is set at $121,500.

In terms of technical indicators, the short-term 20-day moving average (around $114,000) and the long-term 50-day moving average (around $110,000) provide important references for buy decisions. The current Relative Strength Index ( RSI ) is close to 50, indicating that the market is in a neutral state, neither overheated nor too cold, which supports the stability of the current price range to some extent.

Machine learning model predictions indicate that BTC may fluctuate between $111,909 and $114,790 in the short term, with a long-term target price pointing to $121,500. Standard deviation analysis shows that the price fluctuation range between $110,000 and $120,800 covers 68% of the confidence interval, with a standard deviation of about $5,400, which means that the price is likely to oscillate within this range in the short term.

It is worth noting that trend line analysis shows that Bitcoin has broken below the ascending trend channel and may enter a consolidation or correction phase. In this case, the importance of support and resistance levels is further emphasized. At the same time, trading volume has noticeably increased near these key price points, indicating that market participants are more active at these price levels, further enhancing the credibility of these price points.

Investors should fully consider these technical indicators and market signals when formulating trading strategies, and adjust their strategies in a timely manner according to their individual risk tolerance and real-time market dynamics. Additionally, paying attention to macro factors such as the new regulations on stablecoins in Hong Kong and IPOs of cryptocurrency-related companies will also help to better grasp the market direction.