The Bitcoin market is showing a volatile downward trend today, having once again fallen below recent lows in the early hours, almost reaching the key support level of 1118 dollars. Currently, Bitcoin is in a short-term rebound phase, with the key resistance level for the day's rebound around 1136 dollars.

Market participants are closely watching this key price level. If Bitcoin can break through and stabilize above $1136, it may trigger a medium-term rebound. However, if it fails to break this resistance, the market may continue to probe for a bottom, testing new lows.

From a technical perspective, the range of $1134 to $1138 is currently an important resistance level, while the support levels are located near $1125, $1118, and $1104. These price levels will dominate market trends in the short term.

The volatility pattern of Bitcoin reflects the current uncertainty in the cryptocurrency market. Investors should closely monitor market trends, especially breakthroughs or rebounds at key price levels, in order to formulate corresponding trading strategies. At the same time, it is also important to manage risks, as prices may experience sudden large fluctuations in such a volatile market environment.