Share the short-term trend of BTC. First, after a long period of volatility, the price has once again fallen below the range. As expected, prolonged stagnation leads to a decline. After that, the price continued to drop for a while, reaching a low point around 112,000, and then began to stop falling and rebound.

Currently, the trend is in the rebound stage. The first high point rebounded to around 116,000, and then began a second retest. It can now be understood as a second bottoming process. As long as the price does not fall below the first low of 112,000, this is a second bottoming. The low is generally in the 0.618-0.8 range of the dividing line.

The price on the smaller scale has just reached this position, so the second bottom of BTC has been confirmed. Next, pay attention to the second point around 112,500, which is the low point of the second bottoming and can be used as support to go long. For example, 112,500-113,000 is a good position to go long. When the price reaches this area, it can be a good entry point for long positions. Once the bottoming is completed, there will be a small primary wave of upward movement, at least a wave of accelerated rise.