The current market is defined as a rebound rather than a reversal, the difference lies only in the magnitude of the rebound.

The short-term market has entered a slight adjustment phase, and this adjustment directly determines the continuity of the rebound: if the support at the 110200 line is effective, and the price rises and breaks through the 111100 line, the rebound will continue, maintaining a bullish outlook; if it falls below 110200, the price is likely to test the 109300 line — this position has strong support and is expected to have some buying power.

If the 109300 line is lost, bears may further attack the target range of 107500-108300.

The key resistance level above is the 111100 line, and bulls can only continue to push upwards if they hold this level.

Today's market is in a relatively low-level fluctuation, and the strategy can adopt a high short low long approach. $BTC $ETH