From 117.5k on the 22nd to 109.2k, Bitcoin has undergone a 4-hour level downward extension.
The current low point is 109.2k, and there is an expectation for a 1-hour level rebound, which can last about one to two days. The upper targets are 113k, 114-115k, and 116k in order.
After the rebound, there may still be another dip to the low points around the 29th/30th, with a target for the low considered to be 105-106k or above, followed by the start of the next wave of 4-hour upward movement.
If the current decline has ended, I will also wait for this rebound to unfold and will enter after a retest confirmation.