In the Crypto Assets market, a day's change is comparable to a decade's ups and downs in the real world. Tonight, market participants are experiencing a thrilling game, as if dancing on the edge of a knife, where every step requires precision.

From a macroeconomic perspective, the latest announced number of initial jobless claims in the United States reached 263,000, far exceeding the expected 240,000. This data suggests that the U.S. economy may face challenges, and investors may seek safe-haven assets. As "digital gold," Bitcoin, despite its volatility, may attract capital inflows in this situation.

From a technical analysis perspective, $116,250 is a key price level, while $114,340 is a strong support level. Today, Bitcoin attempted multiple times to break through $116,700 unsuccessfully, which does not indicate weak bullish strength but rather may be a sign of building momentum. Bears in the market may be "catching falling knives," quietly accumulating positions while retail investors panic and sell at a loss.

For investors, when faced with this "false breakout", one should not blindly follow the trend, but rather pay attention to trading volume. A decrease in volume during a bottom typically indicates a real decline, while a drop in volume could be a trap to induce bears to enter.

Overall, if the price of Bitcoin falls below the key support level, it may continue to fall; while if it breaks through the resistance level, it may continue to rise. In this uncertain market, investors need to remain calm, comprehensively consider various factors, and make rational investment decisions.