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Bitcoin showed a clear rebound and repair trend overall yesterday, continuing the rebound trend from the previous day. Bullish momentum was gradually released, and the price steadily climbed along the upward channel, until it currently hit resistance at 114379. After encountering short-term resistance, it entered a phase of consolidation. The price broke through the previous high and entered a high-level consolidation phase, but there was no significant pullback during the consolidation process. On the contrary, it gradually opened up the upper space of the upward channel, indicating strong control of the bulls at high levels. The bulls have entered a state of "restless anticipation," repeatedly testing high-level pressure with small upward movements, which tested the selling pressure intensity and accumulated momentum for subsequent breakthroughs. The operational strategy in the morning is mainly focused on low-position buying.