The morning Bitcoin remains in a downward trend framework, currently oscillating around 118500 points.

The key focus for the latter part is the pressure situation at 119000-120000 points. This range is not only the lower boundary of previous oscillations but also an important dividing line in the short-term struggle for strength. Only when it effectively stands above 120000 points can it break the existing weak balance and gradually warm up the sentiment in the Bitcoin market.

In the morning, Bitcoin is around 119000, watching 117000-116500 nearby.