Currently, from the four-hour perspective, Bitcoin's price has shown signs of stopping its decline after a strong downward movement. As the volatility base increases, the rebound space also expands. The current price is at a low level and has entered a slowly recovering rebound phase, showing signs of a bottoming recovery.

Overall, the bears previously experienced a significant drop, and the market structure is in a state of back-and-forth switching. Combined with the current pattern, it is in the defining range of a rebound and reversal. After all, there is no market that only goes down or only goes up. This strong pullback, accompanied by increased volume, has basically ended the downward trend in the short term, and it is highly likely that a rebound correction will follow. Therefore, in terms of operations, one can layout long positions around the rebound recovery approach, initially observing the performance of the bulls' recovery.

For the midnight operation strategy, go long directly at 114000-113500, with a target of 115000.