Currently, Bitcoin is trading around 113400. From a technical structure perspective, the Bollinger Bands maintain a downward channel, and bearish momentum continues to be released: although there is a technical rebound demand in the short term, the willingness of the bulls to rebound is clearly weak, and the rebound space is limited. The overall trend remains bearish.

The midday trading strategy is to short directly at 113500-114000, with a target of 112000.