After a short-term decline, BTC has started to rebound, which was also influenced by news that caused a sudden jump of several thousand dollars. However, the recent low point is a strong support line. I have been reminding everyone to pay attention to the 112,000 support line; if it does not break, it will initiate a rebound trend.

Currently, we are in a rebound phase on a smaller scale. I continue to be bullish here. Although the rebound on a smaller scale is relatively sharp, it did pull back slightly, right around the 0.618 level of the Fibonacci line, so it can be understood as a second test of the low. Therefore, I continue to be bullish. If there is another pullback, I will consider entering a long position around 114,000.