Overall, Bitcoin's short-term consensus zone is forming within the $104,000-$112,000 range. The short-term trend remains in an oversold rebound phase. If the rebound reaches $114,000 or $117,000, it may encounter resistance again. At that point, a new round of oscillating downtrend could begin, but the bull run structure has not been broken, and the Marketplace is entering a recovery phase.
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Overall, Bitcoin's short-term consensus zone is forming within the $104,000-$112,000 range. The short-term trend remains in an oversold rebound phase. If the rebound reaches $114,000 or $117,000, it may encounter resistance again. At that point, a new round of oscillating downtrend could begin, but the bull run structure has not been broken, and the Marketplace is entering a recovery phase.