Bitcoin Strategy: Oversold Rebound Looking at 110,000Bitcoin / U.S. dollarBITSTAMP:BTCUSDViolet_Trading_StrategyBitcoin has been undergoing continuous adjustments, with a significant downward trend. The recent strategy of shorting with the trend is correct. In the short term, the market has fallen below the 110,000 mark, suggesting a potential rebound after an oversold period. Consider opening long positions below 108,000. A rebound is expected in the short term, with the initial target at 110,000.