Recent Bitcoin market trends are closely linked to the Fed's interest rate decisions. However, the key factor that truly determines whether investors can profit in this market is not merely the data, but a deep understanding and precise analysis of technical indicators.

The latest market trends indicate that relying solely on short-term price fluctuations may mislead investors. For example, the recent rise may be misinterpreted as a trend reversal, but when combined with the analysis of indicators on the 30-minute and 1-hour charts, it is more likely a bear trap. Similarly, the price level of $117,700 may also be another bear trap.

To succeed in the cryptocurrency market, investors need to cultivate their analytical skills. This not only includes mastering technical analysis methods, but more importantly, establishing a complete analytical framework. Only by having a systematic approach can one find stable profit opportunities in this rapidly changing market.

It is worth noting that, despite the severe short-term fluctuations, the market may still show a downward trend when viewed over longer time periods, such as 4 hours, 6 hours, 12 hours, or even daily charts. This again emphasizes the importance of comprehensive analysis across different time frames.

As the market evolves, the previous prediction of the $110,000 price level is gradually being validated. This not only reflects the value of technical analysis but also underscores the importance of maintaining an open yet cautious attitude in the cryptocurrency market.

Overall, the key to success in the Bitcoin and other cryptocurrency markets lies in continuous learning and adaptation. Investors should focus on technical indicators, establish systematic analysis methods, and maintain sensitivity to market changes. Only in this way can they find their footing in this market filled with opportunities and challenges.