$BTC was a volatile day. After the midday surge and rebound, Bitcoin's volatility remained relatively stable. Bitcoin hovered around 113,000, neither breaking higher nor retreating. Until the evening opening of the US stock market, the market experienced a slight pullback, reaching a low near 124,400. This move also allowed us to take a small profit on our short positions. The current market rhythm is a wave-like retracement. While the current rebound exceeded expectations, it did not exceed the previous starting point. Therefore, the weak structure remains intact, and a bearish outlook is recommended.