Although there was a slight rebound during the early morning dip, overall it is still operating below the middle band of the Bollinger Bands. The short-term rebound is quite strong, and structurally it remains in a range-bound fluctuation. The short-term Bitcoin is expected to pull back first, entering a consolidation and repair phase, with clear repair signals. In the small cycle, Bitcoin is moving upwards after slight fluctuations and adjustments.

Bitcoin near 112300, looking up at 115600 $BTC $ETH $SOL