Recently, the price of Bitcoin has fluctuated between $110,000 and $120,000. Technical analysis shows that both the short-term moving average (MA7) and the medium-term moving average (MA25) are in a downward trend, indicating that the market is in a bearish trend. The relative strength index (RSI) is approaching the oversold range, which may suggest the possibility of a short-term rebound. Trading volume has increased during the price decline, indicating enhanced selling pressure. $BTC