Bitcoin has frequently challenged the key price level of $115,700 today, putting pressure on market participants. This price level has been touched multiple times but has not been broken, indicating the current market's indecision.

The observed lowest point is hovering between $114,400 and $113,500. Analysis indicates that if Bitcoin drops below $113,500, it could trigger a sharp decline, potentially even falling to the $110,000 level.

However, if the resistance at $115,700 can be successfully broken, it may trigger a strong upward trend, putting significant pressure on the bears.

Compared to the past, Bitcoin's performance today seems a bit hesitant. In previous market conditions, breaking through key price levels was often more decisive and swift. This repetitive probing behavior reflects the current cautious attitude of market participants and the uncertainty regarding future trends.

Currently, the market seems to be at a critical decision point. Investors are closely watching for a breakthrough or pullback at this important price level to determine the potential direction of Bitcoin in the short term. In any case, this frequent price volatility highlights the high activity and unpredictability of the cryptocurrency market.