Short-term Support and Bullish Opportunity Analysis

1. Short-term Support Rising: As prices climb, the support level is raised from 109500 to the range of 111200-111400, which serves as the confirmation level after the breakout.

2. Technical Support: On the 4-hour chart, the 111100 level and the 110900 moving average form a 'Golden Cross' support zone.

3. Bullish Entry Signal: If there is a pullback to 111200-111400 (or the 'Golden Cross' support zone) accompanied by declining trading volume, it could constitute a second entry opportunity for bulls, helping to validate the effectiveness of the breakout pattern. $BTC