The A wave of the Bitcoin decline is nearing completion, making it unsuitable to short anymore. Subsequently, Bitcoin has started to rebound, and it has already rebounded by 3000 points.

There are two possible scenarios for the upcoming trend:

Scenario 1: Bitcoin faces resistance when rebounding to the short-term resistance level of 116,000, then dips again to the 80-day moving average, completing the A wave, followed by the initiation of the B wave rebound;

Scenario 2: The A wave has been completed, and we are currently in the B wave rebound, with Bitcoin breaking through the 116,000 resistance level and continuing to rebound.

Personally, I lean towards Scenario 1.

The key point in determining which scenario it is, is whether Bitcoin can effectively break through the 116,000 resistance level.