Although Bitcoin has shown short-term signs of stop-loss on the 1-hour and 4-hour charts, the overall trend remains weak.

Currently, we can only observe a rebound, and cannot determine a stop-loss signal on the daily chart. Watch for resistance at 114,700 during the rebound; it was previously a support but has now effectively broken down and turned into a resistance level.

Additionally, the 4-hour MA7 has reached this position. In the short term, until tomorrow morning, this is considered a short-term double resistance level, which will put significant pressure on the price rebound.

Going long and bottom-fishing, I believe this is not very suitable at this time. Personally, I would prefer to wait for a test of key support before making any decisions, with the next support around 111,300.

Furthermore, on the macro front, I am also waiting for Mr. Powell's speech to conclude before making any judgments.