Recently, the performance of the Bitcoin market has been noteworthy. At the beginning of this week, the price of Bitcoin saw a slight rebound, once again surpassing the $113,000 mark. However, prior to this rebound, Bitcoin had once fallen to $109,000, a position that has been confirmed as a key support level for Bitcoin.

Despite a rebound in the short term, the market remains shrouded in uncertainty. A market analyst has issued a warning, suggesting that bullish investors may face greater challenges in the future.

The analyst known as "Dr. Profit" recently shared his latest insights on social media. According to his analysis, the price of Bitcoin may retrace to the range of $90,000-94,000, indicating a potential fall of about 20%. He predicts that Bitcoin may experience a brief rebound around $106,000, which could attract some short-term capital inflow, but the market may still face further downward pressure afterward.

In addition to predicting the price trend of Bitcoin, Profit Doctor also pointed out some adverse signals in the global macroeconomic environment. He mentioned that the yield on Japan's 10-year government bonds has reached its highest level since the financial crisis, while the repurchase reserve ratio is close to 99%, which suggests significant funding pressure and a tightening of market margin conditions.

Although the central bank's liquidity measures may bring short-term benefits at certain stages, Profit Doctor remains cautious. He also mentioned that several indicators since August of this year show that key market indicators, including the Dow Jones Index, are at historical resistance levels, many of which have even formed "century-level" resistance.

Investors should be wary as recent insider trading sell-off activities have reached a historical high, which may further impact market confidence.

In the face of the current complex market environment, investors need to remain vigilant, closely monitor market trends, and manage risks effectively. Although Bitcoin prices may face downward pressure in the short term, the long-term development prospects of the digital asset market are still worthy of attention. Investors should rationally view market fluctuations based on their own risk tolerance and investment goals, and make informed investment decisions.