The price of Bitcoin is undergoing a slow but steady rebound process. From a Technical Analysis perspective, the price has successively broken through the upper band of the 4-hour, 6-hour, and 8-hour charts. Currently, we observe that the price is undergoing a pullback near the 8-hour upper band.

Based on this trend, it is expected that the market may remain relatively stable or slightly weak in the next day or two. Investors should closely monitor the next key resistance level, which is around the $118,000 level near the upper band on the 12-hour chart.

It is worth noting that the current rebound pattern conforms to typical Technical Analysis rebound characteristics and does not exhibit extreme weakness. If the market is truly in a weak position, we may see prices continue to decline from the current position and test the three-day moving average support.

Overall, this rebound, although slow, still shows a certain level of resilience. Investors should remain vigilant and pay attention to the price movements in the short term, especially when approaching the upper band on the 12-hour chart. At the same time, it is important to be aware of potential downside risks in case market sentiment suddenly shifts.