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Is today's Bitcoin rebound showing a reversal, and how should we operate in the future?

It's not a reversal, but a boundary line at 115,000!

Throughout September, Bitcoin rebounded from around 107,000 to about 118,000, then came under pressure and fell back to around 108,000. This means there was a fluctuation of about 10,000 in a month. It couldn't even hold 118,000; are you still thinking about reaching new highs?

Last week saw a continuous decline, with the 113,000 area providing support and acting as a transitional period. Although today’s surge has brought some recovery, there is still pressure at the 113,000 level, not to mention the strong resistance at the 115,000/118,000 range above.

The 110,000 level has stabilized, and the downward trend has somewhat slowed, but the overall trend remains bearish. Recently, there has been a lack of coherence in the short term, with large fluctuations up and down, so Sister Ying still insists on a predominantly bearish and supplementary bullish approach. #BTC