Bitcoin has rebounded to the area where previous positions were trapped, and there are a lot of trapped chips here. Without significant positive news, it will still be very difficult for Bitcoin to break through this area. According to the liquidation map, the short positions above have been mostly cleared. The disappearance of short positions has also reduced the momentum for a price increase. It is unwise to chase the price up at this position. For those holding positions, it is advisable to pay attention to the support of the 120-day moving average. If it can maintain above the 120-day moving average, you can continue to hold. If it breaks below the support of the 120-day moving average, it is recommended to reduce positions appropriately to avoid risks.