Recently, the Bitcoin market has once again demonstrated its strong rebound ability. After falling below $109,000 last Friday, the Bitcoin price climbed back to a high of $114,000 on Monday (September 29) in U.S. time.

This remarkable surge is highly consistent with the overall trend of the global financial markets. Analysis indicates that cryptocurrency traders are responding to key factors in the global economic environment, particularly the trend of Western countries generally lowering interest rates. These factors have not only driven the rise of Bitcoin but have also led to new highs in gold and several stock indices.

It is worth noting that the market appears to be experiencing a seasonal turning point. Investors' focus is gradually shifting from the traditionally weak-performing September to October, which is referred to in the industry as "Upward October" due to its rising trend.

In the past 24 hours, not only Bitcoin, but also other major cryptocurrencies including Ethereum, Ripple, and Solana have seen a rebound of about 4%. Meanwhile, traditional financial markets have also shown a positive trend, with gold prices surging nearly 2%, breaking the important threshold of $3800/ounce and setting a new historical high, while the Nasdaq index rose by 0.8%.

Cryptocurrency-related stocks also performed well, with Coinbase and stablecoin issuer Circle rising by 5.7% and 7.7% respectively, indicating that investor confidence in the crypto industry is recovering.

Nonetheless, market experts remain cautious about future trends. Paul Howard, a senior executive at trading firm Wincent, pointed out that while the current slight rebound is expected, the uncertainty of the macro environment means that Bitcoin prices still face downside risks in the short term.

Howard stated: "We have observed that institutions and retail investors who missed the opportunity at the $100,000 level are now providing support at the $110,000 level. However, before potentially larger macro fluctuations next month, there remains the possibility of a correction in the Bitcoin price."

With the upcoming release of the employment report this Friday, market participants are closely monitoring this important economic indicator that may impact cryptocurrency trends. Against the backdrop of global economic uncertainty and the inherent volatility of the cryptocurrency market, investors need to remain vigilant and pay close attention to market movements.