Bitcoin is fluctuating downwards, the overall trend is very weak, and there has been almost no adjustment during the entire decline. Currently, continuing to short has limited profit potential, and the price has reached the lower support level, indicating a technical need for a rebound adjustment.
Key focus for the day is on the support at 112000-111500, looking for a rebound near the support level.
Trading suggestion: Buy when the price drops below 112000, with a stop loss at 110300 and a take profit at 115000.
