Below $BTC are operational ideas from a technical analysis perspective, and adjustments should be made flexibly based on your holdings, risk tolerance, and other circumstances:

Short-term (1-hour level)

- Resistance and support: From the chart, after the price dipped to a low of 110484 and rebounded, it is currently in a weak recovery within a downtrend. Pay attention to the resistance in the 113000 - 114000 range above (a small platform during the previous downtrend). If the rebound encounters resistance and falls back, breaking below the support around 111000, a short-term bearish continuation is likely, and it may be advisable to consider stop-loss or shorting (with strict stop-loss in place);

- If resistance is broken: If there is a significant volume breakthrough above the 114000 resistance area, the short-term downtrend may pause. Observe whether it can stabilize, and consider lightly entering long positions to bet on a rebound, but also be wary of false breakouts.

Medium to long-term reference

It is necessary to consider daily charts and macro factors (such as BTC halving expectations, regulatory policies, and market sentiment). Currently, if the daily chart continues to weaken, the medium to long-term trend will be significantly affected by the aforementioned factors, and the cryptocurrency market is highly volatile. It is crucial to manage position sizes (lightly experimenting) and strictly set stop-losses.

Core principle: Do not blindly catch the bottom, do not hold onto positions, control risks with position sizes and stop-losses. There are always opportunities in the market; first ensure the safety of your funds.