Today, the Bitcoin market is under pressure due to dual unfavourable information factors, with prices declining. Hawkish remarks from Federal Reserve officials suggest a potential delay in interest rate cuts and the maintenance of high interest rates, which has significantly impacted risk assets. Meanwhile, the U.S. Securities and Exchange Commission (SEC) has intensified its compliance scrutiny of cryptocurrency derivation platforms, further dampening market sentiment.

As a result, the price of Bitcoin has fallen to around $113,500. From a technical perspective, the Bollinger Bands show a downward opening trend, with the middle band at $113,800 becoming a strong resistance level. It is noteworthy that there has been a significant outflow of funds in the market, with a net outflow exceeding $190 million, reflecting a decrease in investor confidence.

From a short-term perspective, the market shows a bearish trend. If a rebound occurs, the range of $113,800 to $114,000 may become a new shorting opportunity. The first support level below is at $112,500, and if this level is broken, it may further dip towards the vicinity of $111,900.

In the current complex market environment, investors need to remain cautious and closely monitor the policy trends of the Federal Reserve as well as the latest actions of regulatory agencies, as these factors may have a significant impact on Bit prices. At the same time, it is also important to pay attention to changes in market sentiment and capital flows in order to adjust investment strategies in a timely manner.