Bitcoin is currently in a small-level stabilization state after the third wave of decline. In the afternoon, focus on the rebound trend, and operations need to closely follow key levels, while judging the rhythm in conjunction with interest rate cut expectations. In the short term,

first pay attention to the rebound at the 116240 level; only if it stabilizes here, the hourly level rebound can be considered officially started; if the rebound cannot even break through the 116800 level, it indicates weak rebound strength and one must guard against another decline.

The resistance levels during the rebound can be sequentially viewed at 117245, 118250, and 119135;

if it falls back, first pay attention to the previous low of 114950. Once it breaks below, look further down to the support levels of 113900, 112750, and 111860.

From the previous trend, Bitcoin has dropped from a high of 124500 to the previous low of 114950, a total drop of 9400 points, which conforms to the pattern of pulling back after breaking a historical high. Moreover, as long as there are no significant changes in the market's interest rate cut expectations, there is no need to panic about the current decline; one can monitor the support levels to observe whether there are signs of stabilization. #加密市场回调 #BitDigital转型 #山寨季何时到来？