The Bitcoin daily indicator is neutral, with a bearish bias below the daily level and a pullback recovery from an overbought high above the daily level.

If the bulls continue to show weakness, the weekly MACD will face a death cross. The certainty of higher-level indicators is quite high; once the death cross is confirmed, it will either take a long time to recover or result in a violent drop.

Currently, Bitcoin has fallen to 112500, where short-term support is strong. Bearish volume is gradually decreasing, waiting for bullish volume to gain strength.

If a golden buying opportunity arises, just buy the dips. Such opportunities are indeed rare.

It is suggested to buy on a pullback near 122000, increase positions at 121000, with a target of 114700$BTC .