BTC Analysis on August 4th Early Morning:

Bitcoin continues its corrective trend during the day, rebounding to the 114200 level before facing resistance and falling back. It is currently oscillating around 114000. The short position strategy suggested at 113500 in the morning has been adjusted through averaging down, and the current short position remains solidly held.

From the market perspective, there is significant resistance at the 114000 level, with afternoon fluctuations narrowing and the rebound highs continuing to decline. The bullish momentum has nearly depleted, and there is insufficient continuation for upward movement. Currently, the bears are consolidating at high levels, and the midnight outlook still leans bearish.

Big Brother's Suggestion: You may consider entering a short position near 114200, with an initial target of 112000, ensuring good risk management for further downside potential. $BTC #币圈