The current BTC market trend on the daily chart has shown a rebound, with the price once again above 110,000. However, the bottom has not been confirmed, and this rebound is not indicative of a reversal. This month, we can observe how the US Non-farm Payrolls (NFP) and CPI data will impact some decisions by the Fed. On a smaller timeframe, the 1-hour chart shows that the price has faced resistance twice at the 111,700 level and has pulled back with upper shadows. Currently, the price has broken below the support line of the 1-hour middle band. In the auxiliary indicators, the MACD shows a high position death cross with short positions increasing. In the afternoon, for BTC, if the long positions do not manage to rally above the 111,000 area, whether the price can hold above the 110,000 mark remains uncertain.