The Bitcoin market has recently shown a complex trend. Currently, we observe that the key resistance levels above are 117064-117215 and 117500. If the price can break through these levels, it may trigger an increase in long positions.

At the same time, the important support levels below are located around 115592-115640 and near 115000. Currently, Bitcoin is showing a rebound on the daily chart, and on smaller time frames, we see that the pullback on the 45-minute chart has been completed, and now the price is approaching the bottom formation on the 1-hour chart.

From a technical perspective, if the price can hold above the support level during the retracement, we might witness a slight rebound. However, investors need to pay close attention: if the price fails to break through the upper resistance level, the overall market bias may still lean bearish.

It is worth noting that there are signs of a top divergence on the 2-day chart, which is a potential risk signal. If the price breaks below the zero axis support of the 1-day line, it may further decline towards the zero axis near the 2-day line.

The current trading price of Bitcoin is around 110225. Another technical indicator worth noting is the top divergence phenomenon of the 2-day line, coupled with insufficient rebound strength from the zero axis. This may indicate a further risk of price decline, potentially even reaching the zero axis position of the 3-day line, which is around 106370.

In such a complex market environment, investors need to remain vigilant and closely monitor the breakthroughs or support situations at various key price levels to adjust their trading strategies in a timely manner.