From the current 4-hour chart, the price of Bitcoin is gradually oscillating, showing a downward trend before entering a consolidation phase. The market is influenced by the resistance from the upper trend line and the support from the lower trend line, causing the price fluctuation range to narrow, with downward pressure slightly higher than rebound momentum. As the bearish signal of the MACD strengthens, it is expected that there will still be a certain demand for further declines in the short term, focusing on the effectiveness of the support level at 114120. If this support fails, the price may further retrace to around 112990.
In terms of operation: Short near the rebound area of 115500-116000, target around 114500-114100, if broken, look at around 113500-113800.