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Yesterday, after Bitcoin's early session pullback to a low of 108638, it slowly moved upwards during the day, with the drop not breaking the previous low; in the evening, after multiple tests of the 109500 support, it rebounded, reaching a maximum of around 112000 as of now. The short-term upward momentum continues, with pullback energy weakening and resistance moving upward, showing an overall slow strengthening trend. From a technical perspective, it is still in a consolidation range in the short term, with low support slightly moving down. The current fluctuations can be seen as an adjustment within an upward trend. Therefore, in the short term, it is advised to follow the trend and look for rebounds, as long as the key support of 108638-109500 holds, there is still upward space for bulls in the future. Attention should be paid to the risk of high resistance: if the subsequent rebound reaches the key resistance range of 112500-113500, the feasibility of setting short positions at high points is relatively high. If price momentum diminishes in this range, the bearish trend is likely to continue. The current market pattern is "short-term rebound continuation, medium-term consolidation waiting to break through." Trading should closely follow key levels, adjust strategies dynamically based on real-time volume and patterns to cope with volatility risks.