BTC's early morning trend shows short-term bearish signals.

From a technical perspective, BTC is currently facing tests of key resistance and support levels. Resistance lies in the 115,900 area, which has become a significant barrier to BTC's upward movement. A breakout above this resistance range will require strong buying pressure. However, current market performance suggests bullish momentum is facing significant challenges at this level. Once prices reach this resistance range, selling pressure could significantly intensify, making further upward movement difficult.

Support, however, lies around 113,800, a crucial barrier for BTC prices. A break below this level could trigger panic selling, further pushing prices downward. While the price has not yet reached this support level, the growing strength of bearish sentiment is increasingly challenging this support level.

It is recommended to consider establishing short positions around 116,200-115,800. The target can be seen around 114800-114100. This range is an important support area in the previous price fluctuations. Once the price falls below the current support level, it is likely to fall to this target range. The strategy of breaking through 116500 needs to be adjusted by #BTC☀