The Bitcoin (BTC) market has once again attracted the attention of investors. The latest trading price has reached $112,000, showing a short-term rebound trend. However, analysts warn that the overall trend is still bearish, and market participants should not be overly optimistic.

Recently, the price of Bitcoin has rebounded near the previous low point, which aligns with market expectations. However, it is important to note that this does not mean that the overall trend has reversed. For investors looking to build positions, this may not be the best time; it is recommended to remain patient and wait for clearer market signals.

The market focus is currently on the upcoming Jackson Hole Global Central Banking Conference. The Federal Reserve Chairman is expected to deliver an important speech at the conference, and his remarks could have a significant impact on financial markets, including the cryptocurrency market. Given past experiences, investors generally anticipate hearing a hawkish policy stance.

In terms of short-term technical aspects, the resistance level for Bitcoin during the day is at 113,600 USD, while the support level is at 111,000 USD. These two key price points will be important reference points for judging short-term trends.

Overall, despite a brief rebound, the Bitcoin market remains in a state of uncertainty. Investors should closely monitor global economic policy trends, carefully assess market risks, and make rational investment decisions.