Bitcoin (#BitDigital转型 ) has started to rebound after forming a bottom below 117500 in the short term. Currently, the daily level shows a clear bullish pattern. At the 4-hour level, we are currently focusing on 117800; if it holds, we will test several levels upward: 118500-119200-120700. If it breaks below, pay attention to support rebounds at 117000-116300-115500. In the short term, Bitcoin looks to rebound. If the upper level of 120700 is broken, the bullish trend will continue; conversely, if it breaks below the level of 117000, it will continue the correction trend.