From the recent dynamics of the Bitcoin market, its price has shown a slight rebound after reaching the low point of this month, but the upward momentum seems to be weakening. Technically, during the early trading session, the Bitcoin price broke through the upper band of the one-hour chart, and the moving averages also showed a crossing upward trend. However, the insufficient trading volume has led to the widening of the Bollinger Bands, which usually indicates that the long positions are weakening.

Currently, the key resistance level in the market is around 115500. If this position is reached, it is likely to trigger a new round of Rebound. Although the MACD indicator has shown two golden crosses, its slow line is still hovering near the zero axis, indicating a lack of upward momentum. At the same time, the KDJ indicator has also failed to reach the overbought zone, further confirming the weakness of long positions.

Based on various technical indicators, the current rebound of Bitcoin may be nearing its end. For traders, it is advisable to look for short-selling opportunities after the rebound. It is suggested to gradually establish short positions in the range of 115500 to 115900, with target prices set between 113500 and 111500. However, investors should also be cautious of potential upward risks; if the price breaks above 116400, timely stop-loss should be executed.

It is worth noting that the cryptocurrency market is notoriously volatile. Investors must fully assess risks when formulating trading strategies, reasonably control positions, and stay alert to market changes to adjust strategies in a timely manner.