Based on the current Bitcoin trend, after a round of rebound, the overall market has not continued to rise, but instead shows obvious signs of decline, and the market adjustment situation is becoming increasingly evident. Although Bitcoin is temporarily stabilizing at a key position, the support strength is showing signs of fatigue, and the short-side forces continue to exert pressure in the short term, with signs increasingly clear that the bears are dominant in the tug-of-war between bulls and bears.

In the 4-hour chart, it is hovering around the middle and lower bands of the Bollinger Bands, and each rebound is accompanied by new lows. This characteristic directly confirms the clarity of the decline signal and continuously reinforces the overall structure dominated by bears. Clearly, following the trend of short selling is the optimal approach to align with the current clear downtrend, and one can continue to closely monitor the release rhythm of bearish momentum and plan corresponding operations accordingly.

Evening operational strategy: 113200-113700 go short directly, target at 112000.