Recently, the Bitcoin market has undergone an important test. The price briefly touched the key support level of 112,000 dollars but then quickly rebounded, avoiding a potential crisis that could trigger a technical Bear Market.

Currently, the market seems to be caught in a tug-of-war within the narrow range of $112,000 to $115,000. Investors and analysts are closely monitoring price movements within this range, trying to predict future trends.

It is worth noting that the upcoming Jackson Hole meeting could become a key factor in determining the short-term direction of Bitcoin. This highly anticipated economic policy seminar often has a significant impact on global financial markets, including the cryptocurrency market.

The remarks of central bank officials and economists at the conference may influence investors' views on the macroeconomic outlook, thereby affecting the price trends of digital assets such as Bitcoin. As a result, market participants are holding their breath, hoping to gain important signals from the meeting that could impact future investment decisions.

In this uncertain market environment, investors should remain vigilant and closely monitor market trends and important economic events to adjust their investment strategies in a timely manner. At the same time, it is crucial to remember the high volatility characteristic of the cryptocurrency market, making risk management essential.