Bitcoin rebounded strongly overnight, after probing down to around 115560, the bulls quickly counterattacked, oscillating upward, reaching a peak of 117568; $BTC

Recently, Bitcoin spiked down to around 111800, and the market trend welcomed a crucial turning point.

Below this price level, a double bottom probing pattern is gradually forming, which is quite important in technical analysis.

After that, the bullish momentum continued to strengthen, initiating a rebound trend.

During the rebound period, there were some pullbacks, but the overall bullish trend has become clear.

From the perspective of technical indicators, as the rebound continues, some key indicators also show bullish signals, such as increasing trading volume accompanying the rebound, indicating market recognition of the bullish trend; Bitcoin can be traded long in the morning for short-term gains.

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