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$BTC 11.3 Bitcoin Price Today: Based on the current market data, this rebound has not yet ended. After the consolidation finishes, it is expected to make another upward move, with a target around 113,000. Once that level is reached, the next decline will begin. Therefore, the current trading strategy is to consider a short-term long position on the rebound. After the rebound, consider taking the opposite position to short.
From a smaller structure perspective, this rebound started from the 106,303 level. Currently, this move is an A-wave rebound, followed by a B-wave consolidation. After the B-wave ends, there will be a C-wave upward. The entire structure is part of a larger zigzag rebound pattern.
In summary, the medium-term structure and the detailed small structure remain unchanged. The current plan is to gradually position for the upward small C-wave.