Morning Analysis: The current downward trend of Bitcoin is too obvious, and it is under pressure without even giving a chance to rebound. The entire market is in a weak state and is crying out in despair, with many retail investors caught in losses. Last night, many thought the market would rebound, but instead, it reversed, which is quite a trick.

From the current market situation, it is likely that the market will continue its downward trend, testing the key supports at 113100 and 111100. The MACD indicator shows increasing green bars, indicating that bearish strength still prevails, and the probability of a rebound in the short term is low. However, the appearance of the current doji star suggests that the downward process may be accompanied by consolidation or a brief rebound.

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