Regarding the forecast for the price of Bitcoin, I believe: both the current technical indicators and on-chain data show a short-term bearish outlook, with a higher probability of decline than increase. However, considering that there is strong support around 117,000, if it does not effectively break below this level, it may maintain a range-bound oscillation. Key observation points include: the defense of the support level at 117,500; whether the rebound can break through the resistance at 118,200; and whether the trading volume corresponds with price changes.

Based on the current situation, Yang's advice for everyone is to short near 118,600 - 118,100, with the initial target at 117,200, and then further looking towards around 116,500 #BTC走势分析