The pancake at #BTC hit a low point tonight at 112300 and began a rapid rebound, peaking around 114200. The low point has rebounded nearly 2000 points, and currently, it hasn't stabilized at 114000. If it doesn't stabilize here, it will likely pull back again. However, I believe the probability of hitting a new low tonight is not high, so if it pulls back to around 112700, we can start to take the first position, with a defense at around 112000 and continue to add. Set the stop loss at 111380 and take profit between 114000-115000. This is how to play it short-term; for larger positions, you can hold on and see if it reaches 117000-118000.