Currently, from the perspective of the chart, after a sharp drop last night, the coin price has formed a short-term support at the 1073 line, and then rebounded to 111,000 but faced resistance and fell back again. Overnight, the downward trend continued, and the current low has reached the 1071 line. The short-term trend is clearly weak, and our long-standing bearish strategy has also been rewarded.

On the daily chart, Bitcoin closed with a large bearish candle. Although the Bollinger Bands are still running upward, any reversal in a larger trend will likely continue. In the 4-hour chart, the consecutive large bearish candles have led to a short-term rhythm dominated by bears. Currently, the Bollinger Bands are narrowing, and the bullish momentum is clearly exhausted, while the moving averages and various indicators are arranged in a bearish manner. There are signs of continued bearishness in the short term, so it is advisable to keep an eye on the market's pullback situation today.

For today, it is recommended to sell on the rebound in the 1075-1080 area and look for 1060-1050 range.