Last night, due to Powell's hawkish remarks, the BTC daily chart price fell. However, it has already started to bottom out and rebound, returning to above 110,000.

As long as it can stabilize at the 110,000 mark in the short term, there will be an opportunity to challenge the resistance level of 114,000 (which is also the MA60 moving average).

We need to wait for both signals to appear before this round of pullback can be considered completely over:

1. The MACD indicator must form a golden cross below the zero line and then return above the zero line.
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2. The K-line price must break through 114,000 and be able to steadily stand at this position.