Although Bitcoin experienced a rebound after a dip in the early morning, it is still operating below the middle band of the Bollinger Bands. The short-term rebound strength is acceptable, and structurally, it remains in a range-bound state. In the short term, it is likely to pull back and enter a consolidation and repair phase, with repair signals being quite obvious. From a small cycle perspective, Bitcoin is showing an upward trend after slight fluctuations and adjustments.

Operational suggestion: Enter long positions around 112400, 113000 for Bitcoin, targeting 114000-114800.