In terms of technology, the MACD on the 4-hour and daily levels shows a downward trend. The death cross of the fast and slow lines on the 4-hour chart has initially appeared, and the green bars are increasing in volume, indicating that the bullish momentum is weakening and the bears are taking over. However, there are currently no extreme sell signals, and a reversal between bulls and bears is forming.

Bitcoin strategy: Long position near 113000, target around 114000, reverse short position target looking down at 112000-110000.