BTC (Bitcoin) Trend Analysis:

Weekly Level: Last week closed with a long upper shadow bearish candle, breaking below the 7-day moving average support. In the short term, pay attention to the key support at 112K (the low at the beginning of the month), which is also the support level for the 14-day moving average.

If 112K is lost, the next target will look towards the 110K-107K range.

Daily Level: Last Thursday saw a high followed by a drop, closing with a large bearish candle, accompanied by increased trading volume, indicating heightened selling pressure in the market. After a slight rebound over the weekend, there was a rapid decline this morning, breaking below the short-term 116K support.

MACD Indicator: A death cross has formed, with the momentum bars turning negative, indicating that bears hold a short-term advantage. However, the fast and slow lines are still above the 0 axis, suggesting that bears have not completely taken control.

Short-term Trend: There is still room for downward movement, targeting 112K; if broken, focus on the 110K-107K support zone.

4-Hour Level: After a volume-reduced rebound over the weekend, there was a volume increase in the decline this morning. In the short term, pay attention to the 114K support; if broken, the focus will shift to 113K.

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