Recently, the Bitcoin market has shown concerning technical trends. The price is approaching the key support level of $112,000, which should not be overlooked. From a technical indicator perspective, the moving averages are in a short positions arrangement, and a bearish candlestick pattern known as "Evening Star" has also appeared. The simultaneous occurrence of these two technical signals reinforces the market's bearish sentiment.

However, it is worth noting that the current trading volume is at an extremely low level, adding a layer of uncertainty to the price movement. The decline in trading volume suggests a decrease in market participation, which may lead to the price movement lacking sufficient momentum to confirm the current downward trend.

In this complex market environment, if Bitcoin cannot break through the upper resistance level, it is likely to continue the downward trend and further test the support level of $112,000. For traders, closely monitoring the price movements around $114,800 may be a wise choice. If the market continues to show a bearish trend, $112,800 could become a reasonable initial target price. If the market weakens further, the possibility of prices testing the $111,800 area cannot be ruled out.

Overall, the current Bitcoin market is at a critical technical moment. Investors should remain vigilant and closely monitor price dynamics and changes in trading volume to timely adjust their trading strategies. Whether bullish or bearish, risk management should be the primary consideration in such a volatile market.