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Currently, based on both technical indicators and market sentiment feedback, Bitcoin is at a strong support bottom at this stage. It has stabilized and is showing signs of a volume increase. Analyzing various factors, the whales are not particularly keen on breaking below the 110000 position. On one hand, it would cause market panic and lose confidence, making it difficult for them to harvest and manipulate. On the other hand, the recent decline has already effectively targeted the bulls for harvesting, leaving little profit. Only a rise can attract retail investors back into the market, while a decline will only drive them away, whether through liquidation or stop-loss. In short, it will lead the market into a slump.

When you're unsure about the market trend in the short term, you only need to do one thing: determine whether the direction of the larger cycle is up or down. Next, based on the direction, find a suitable entry point and choose an appropriate range for trading. Currently, Bitcoin has strong support here and shows signs of rising, with the first short-term target around 112000 and the second target at 115000. There is significant trading volume here, forming a strong resistance level; if it cannot break through strongly, it is an opportunity for market makers to shake out weak hands. Don't let short-term fluctuations disrupt your trading rhythm.