The current Bitcoin market is facing a key technical support level. If the Bitcoin price falls below the critical point of around 112000, the next important support area may be around 107500. This area corresponds exactly to the daily chart level Vegas tunnel, which has not yet seen a retest of this tunnel since the rise that started around 75000 in April.

From a technical analysis perspective, the daily chart Vegas tunnel is often regarded as an extremely strong support level, and its importance cannot be overlooked. This level may become a key factor in determining the short-term market direction.

At the same time, the macroeconomic environment is also changing. The interest rate cut expectations for September seem to have become a foregone conclusion, which will undoubtedly have a profound impact on the cryptocurrency market. However, whether altcoins can experience a explosive market still requires further observation of the market's response after the interest rate cut.

In the current market situation, it may be wiser for investors to adopt a swing trading strategy. This strategy allows investors to seek opportunities amid market fluctuations while also effectively managing risks.

Overall, the Bitcoin market is at a crossroads of technical and fundamental factors. Investors need to closely monitor the performance of key support levels, while also keeping an eye on upcoming changes in macroeconomic policies to make more informed investment decisions.