The current Bitcoin market is showing signs of weakness, and the lack of rebound strength is concerning. Market participants are generally following two possible trends: whether it will dip again to around $112,500 and attempt a rebound, or continue to move downward directly.

Currently, whether Bitcoin can return to the high of around $120,000 has become uncertain. Even reaching the rebound target of $118,000 seems quite challenging.

The overall market performance is weak, and investors need to remain cautious and closely follow market changes. In this uncertain environment, adopting a wait-and-see strategy may be wiser.

It is worth noting that the Federal Reserve is about to release the minutes of the July meeting, which may have a certain impact on the cryptocurrency market. Investors should closely follow this important economic indicator and adjust their investment strategies accordingly.

In such a volatile market environment, it is crucial to maintain rationality and patience. Do not be easily swayed by short-term fluctuations, but instead focus on long-term development trends and fundamental analysis. At the same time, effective risk management and appropriately diversifying your investment portfolio are also effective methods to cope with market uncertainties.