Friends, this afternoon Yang Ge will discuss the afternoon trend of Bitcoin (BTC)! The current BTC price is fluctuating in the range of $113,000-$114,000, with intense tug-of-war between bulls and bears. The key factor is the support performance; if it fails to hold the golden ratio 0.786 position at $112,850, selling pressure may increase, and a downward test of $110,000 cannot be ruled out. Conversely, if it can stabilize at $114,000, there may be an opportunity to rebound to $116,000.

From a technical perspective, the 4-hour level has shown a descending flag pattern, and the daily line has also broken below the 200EMA ($114,855). The short-term moving averages are arranged downward, and the rebound highs are gradually decreasing, indicating overall pressure. However, the RSI at the 30-minute level has entered the oversold zone (<30), indicating a potential for short-term rebound, but currently, the momentum is weak, so keep an eye out for false break signals.

Yang Ge's reference thought: consider positioning around $113,600-$114,100 for a rebound, with the initial target at the $113,100-$112,500 range. The market rhythm changes quickly, so everyone must pay close attention to real-time dynamics and respond flexibly! #BTC走势分析