#Bitcoin has accelerated its rebound alongside the rebound in US stocks. The resistance level I mentioned yesterday at 112,750 has moved up to around 113,200, which is currently a key resistance level. Breaking through this resistance and maintaining it for four consecutive hours means that the hourly downtrend has reversed. However, on the daily chart, the price is still at the lower bound of the range, overall leaning towards weakness. Therefore, after breaking through the current daily MA7 resistance level, we still need to face an important resistance level, around 116,000 on the 4-hour chart. This resistance is where the 4-hour MA120 and MA200 overlap. Once the 4-hour price effectively breaks through this resistance zone and holds, it means that the hourly level will fully return to the upward trend, strengthening the movement. Additionally, after breaking through this resistance level, the daily price will also return to the upper bound of the range, and the overall trend will return to an optimistic range. The temporary support on the pullback is around 112,400. If the hourly level effectively breaks below this position, then the hourly level will return to a weak range again.