Last night until the early morning, Bitcoin attempted to break the resistance level of 112500 twice, but failed to effectively break through. Subsequently, it remained in a pullback downtrend in the morning until it stabilized around 110811. From the daily chart of Bitcoin, it can be said to be a true reflection of the Bull vs Bear Battle. Yesterday, the daily candle closed with a long lower shadow Bearish line, and after being suppressed to 108559, it quickly rebounded, closing back above 111000, which is a typical bottoming rebound pattern, indicating that the support level below is still strong. Today, a small bullish candle was sold, continuing the rebound rhythm, and the price stabilized around 111000. Although the long positions' counterattack was effective, the momentum was limited, but it also showed that the long positions have initially taken the lead.