Thursday morning thoughts, let's briefly discuss

Overnight, Bitcoin slowly rose to around 115700 before facing resistance and falling back. It is currently consolidating in the 115000 area, with clear short-term pressure above. The current high point and previous short-term pressure have formed a double top formation. On the hourly chart, there have been five consecutive downward candles, and the bullish rebound shows signs of stagnation. Avoid chasing long positions at high levels during the day, and maintain a bearish outlook.

Reference short positions around 115200 and 115600, looking at the 113500-112500 area.