Let's talk about $btc

It's still the same saying, it's just a rebound, the difference is whether it's a big rebound or a small rebound. However, as of now, this rebound is effective, and it is a big rebound. But where can it rebound to?

For the current price, the biggest resistance should be around 113500. As long as the price breaks through and stabilizes, the next target may reach around 117200. Of course, this process will not happen overnight; it will almost certainly be in a volatile upward manner.

However, if in the next couple of days, it fails to break through the 113500 level (let alone stabilize), and faces resistance leading to a pullback, resulting in a medium to large bearish candle that directly breaks below the 109300 level, then we will continue to look at the range [107400-108300]. Of course, this possibility is currently very small in my view, so I will not consider it for now.

In the short term today, as we are approaching the resistance level of 113500, a slight adjustment cannot be ruled out. There are two key target positions for the adjustment: one is around 112400, and the other is around 111800. Here, it is important to note that if the adjustment goes too deep and the price breaks below the 110900 level, that would be a second test.