Is Bitcoin still looking for a rebound?

The approach remains unchanged; it is not a blind bullish sentiment. The price drop triggered by data last night did not destroy the daily-level stop-loss signal. Instead, the new daily chart shows a rebound trend.

After the price reached 111,900, it has continued to oscillate for 3 days. The new data did not create a new low, which can only indicate that the current daily stop-loss still has reference value. We continue to look for a second wave rally!

Here, a position can be noted: the 4-hour MA200 trend line, currently at 115,700. When the price can break through this position in the short term, it means the price returns to a strong zone, and also means that the second wave rebound is confirmed 100%.