Brothers, today Morning Brother will talk with everyone about the latest market trends and trading suggestions for Bitcoin:

Currently, the Bitcoin price is around $117,300, with a slight decrease of 0.55% in the last 24 hours and a trading volume of $69.6 billion. It has mainly fluctuated in the range of $116,000 to $117,500 throughout the day. There is resistance at $118,000 (Bollinger Band upper limit) and support at $115,500, which both bulls and bears should pay attention to.

On the technical side, the MACD histogram is shortening, indicating a slight slowdown in bullish momentum; the KDJ has reached 79, which is in the overbought zone, potentially facing some short-term pullback pressure; along with the simultaneous contraction of volume and price, the market is currently relatively calm, with more cautious sentiment.

In terms of capital, a large whale sold 398 Bitcoins (approximately $46.41 million) for USDC within 2 hours, which may bring some selling pressure in the short term. However, there are also institutions steadily increasing their holdings—Australia's Monochrome Bitcoin ETF has reached 969 Bitcoins, and NASDAQ's mining companies have increased to 541.39 Bitcoins, providing some long-term support.

Overall, Bitcoin is currently in a high-level fluctuation. The technical indicators signal short-term pressure, but institutions and policy provide long-term support. In the short term, pay more attention to the breakout direction of the support at $115,500 and the resistance at $118,000, and also keep an eye on the Federal Reserve's policy and CPI data.

Finally, Morning Brother's trading suggestion today is to short in the range of $117,200 to $117,700, targeting $116,200 to $115,000. However, the market changes quickly, so everyone must combine real-time market conditions with their operations; being cautious is always good, and we will proceed steadily and safely~#btc