Tonight, the price of Bitcoin has once again reached a new high, attracting widespread attention in the market. However, the future trend of Bitcoin seems to be closely related to the performance of the US stock market. For investors anticipating a bull run in small crypto assets, patience may be required, as significant funds have not yet entered the market on a large scale.

Today's market analysis shows that Bitcoin is currently in a short-term top consolidation phase. Investors should closely follow the key support level at $11,000. As long as the price does not fall below this level, downside pressure remains limited. The key resistance level for an upward breakout is around $112,035. If this level cannot be broken, a pullback may occur in the short term. However, once broken, the subsequent trend will depend on the attitude of large institutional investors.

It is worth noting that if today's price breaks below the bottom of the 11,000 USD range, it may trigger a 2-hour level correction. In this case, investors should follow the support levels around 119,680, 108,682, and 107,443 USD.

Overall, the Bitcoin market is still full of uncertainty, and investors need to remain vigilant, closely following market trends and key price levels. At the same time, attention should also be paid to the global macroeconomic situation, especially the performance of the US stock market, as this could have a significant impact on Bitcoin prices.