The Bitcoin market has recently shown positive rebound signs. After a day of decline yesterday, the Bitcoin price reversed from a low of $114,825 and gradually rose to $116,980. Currently, the market presents a Bull vs Bear Battle situation, but long positions seem to dominate.

From a technical analysis perspective, the four-hour chart shows that the price has rebounded from the lower Bollinger Band to above the middle band, where the middle band is becoming stable, while the lower band has an upward trend. The consecutive bullish candles indicate that long positions are gradually reclaiming lost ground. The RSI indicator is in the strong zone of 50-70, showing a strong bullish atmosphere in the market, but the value close to 70 also suggests a possible short-term correction.

On the hourly chart, after the MACD indicator crosses above the zero axis, the red energy bars have slightly shortened. The 5-day moving average provides strong support to the price, and as long as the price remains above the 5-day moving average, the short-term long positions trend is expected to continue.

For traders, it is advisable to adopt a range trading strategy to avoid chasing highs and selling lows. Focus on the breakout of key price levels to determine the subsequent trend.

Market observers believe that the current market performance may just be the aftershock of the previous cycle, and the real climax may still be in the future. Therefore, investors should maintain a cautiously optimistic attitude and closely monitor market trends.

As for Ethereum, it is also showing a similar rebound trend. Investors should closely monitor the movements of these two major cryptocurrencies, but at the same time, be wary of market volatility risks.

Overall, the current cryptocurrency market shows positive rebound signals, but investors still need to operate cautiously and manage risks properly.