Afternoon Bitcoin Market Analysis

Last night, Bitcoin fell to 112500 and found support. This morning it fluctuated and rose slightly, encountering resistance around 113700. After rebounding on the hourly chart, the mid-track was pressured and fell back, showing short-term weakness. In the afternoon, we initially look bearish; if key support holds, then consider going long.

Recommendation: Short around 113750 - 113950, targeting 112000. If it breaks, look towards 111000.