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Bitcoin's price tested the upper resistance level of 114750 yesterday before experiencing a significant pullback, dropping to a low of 112627. It then entered a period of consolidation at lower levels. After continuous tug-of-war between bulls and bears, the price surged again to 114700 early this morning. The rebound trend is still continuing. From a short-term hourly perspective, after testing the support at the lower bound, the price quickly rose with consecutive bullish candles. Although the price has experienced some pullback, it has formed a stable and strong upward structure on the hourly chart. Therefore, after this consolidation and correction, there is still a trend for further rebound. The current bullish outlook remains unchanged, and any pullback can be used for buying opportunities.