Short-term View on Bitcoin Trend: No Need to Panic, Focus on Key Support and Strategy

Although the current Bitcoin trend is not optimistic and is still in a downward channel with weak rebound strength, there is no need for excessive panic. From the current perspective, 113,000 points is the preliminary reference position for bottom-fishing. As long as it does not fall below the previous lows (118,500 and 112,300) in the short term, there is still an opportunity for upward movement.

In the past two days, the overall market trend has shown a downward tendency, seemingly favoring bears, but the continuity of this trend is not strong—after a sharp drop influenced by news in the early hours, it quickly recovered. In this situation, I do not recommend blindly chasing shorts; personally, I believe the evening will continue the previous strategy, focusing on key support levels and adopting a buy-low strategy.