In the recent Bitcoin market trends, we observed some interesting changes in technical indicators. Yesterday, the Bitcoin price fell below the $115,000 mark, attracting the market's attention. However, from a technical perspective, this decline may have created conditions for a short-term rebound.

On the 4-hour chart, the Relative Strength Index ( RSI ) briefly touched the oversold area below 30, which is often seen as a potential signal for a rebound. At the same time, on the Moving Average Convergence Divergence ( MACD ) indicator, the green bars of the histogram have shortened, suggesting that the downward momentum may be weakening.

It is worth noting that during the early hours of today, the Bitcoin price formed a bullish engulfing candlestick pattern around $115,000. This pattern is often interpreted as a potential reversal signal in technical analysis, further enhancing the likelihood of a short-term rebound.

Based on the observation of these technical indicators, the market may experience a wave of Rebound. Currently, we can follow the correction range between 116,200 and 115,600 dollars. If it stabilizes within this range, the next upward target may point to the area of 117,250 to 119,300 dollars.

However, investors still need to be cautious and closely follow market changes. The cryptocurrency market is highly volatile, and while technical analysis provides valuable insights, it cannot guarantee future trends. It is recommended that investors consider multiple factors comprehensively and develop trading strategies based on their own risk tolerance before making any investment decisions.