Recently, the Bitcoin market has seen a rebound, but this does not mean that the market has reversed. From a weekly perspective, the 15-day moving average is still at a high level, indicating that short-term upward pressure still exists.

On the daily chart, we can observe that a bottom formation is taking shape, while on smaller time frames, the 8-hour, 6-hour, and 4-hour charts all exhibit bottom characteristics. In terms of intraday movement, the 15-minute and 30-minute charts show an upward breakout trend.

From a technical perspective, investors should pay attention to the following key price levels:
Resistance levels above: 112,650, 112,872, 113,667, 114,208
Support levels below: 111,980, 111,137, 110,718, 109,203

The market sentiment indicator shows that the current fear index is at 50, which indicates a neutral level. In terms of long-short ratio, the overall long-short ratio of BTC is 1.43, with the long position accounting for as much as 82% in actual trading, while the overall network long-short ratio is relatively balanced at 55:45.

For trading strategies, it is recommended that investors remain on the sidelines until a clear formation is established, and remember not to open positions lightly without setting stop-loss orders.

The market is ever-changing, and investors should closely monitor market fluctuations and manage risks effectively. The above analysis is for reference only and does not constitute any investment advice. Everyone should make independent judgments based on their own risk tolerance and investment goals.