Bitcoin has repeatedly returned above 113,000. On a technical level, the daily chart of BTC shows that after the significant fall last night, it is currently in a low-level consolidation phase. Recently, the candlestick has been alternating between small bearish and bullish trends, with weak rebound strength and a gradually narrowing fluctuation range.

The hourly MACD is still in a state of increasing volume, and Bitcoin is still under pressure at the 113700-114500 range. Aggressive traders can initially open a position near this range, leaving a spot for a top-up above, and Ethereum can be entered at the same time.