From the current 4-hour chart, the Bitcoin price 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, resulting in a narrowing price fluctuation range, with downward pressure slightly higher than rebound momentum. With the strengthening of the MACD bearish signal, a certain degree of downward demand is expected in the short term. Pay attention to the effectiveness of the support level at 114120. If this support is breached, the price may further retract to around 112990.

Trading suggestion: Sell near the rebound area of 115300-115600, with a stop loss at 116300 and a target around 114500-114100. If it breaks, look at the range of 113500-113800; if it doesn't break, consider going long.

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