The BTC price just experienced a plunge, dropping to a low of 112300 points. The short-term market shows an oversold situation, with room for a rebound.

In terms of operating strategy, it is recommended to directly place long orders near the current price of 112500, setting a reasonable stop-loss (suggested to reference below 111900 to guard against extreme fluctuations); for targets, first look at 113700, and if it breaks through, further look at 114100.