#BTC 1H

The current price is rebounding near the Fibonacci 0.5 level and encountering resistance in the previous consolidation area, leading to a pullback.

Long strategy: First, observe whether the small low near 118.5K can support the rebound. If the support holds, consider going long.

Downside risk: If it breaks below 118.5K, the short-term target looks down to 117.5K.