Note ⚠️ The tug-of-war between bulls and bears is intensifying.
On the daily level, BTC is currently hovering around 113k, still at the lower edge of the Bollinger Band, and the overall channel remains bearish. The 112k support has been tested multiple times, like an old door lock, the risk of breaking down is gradually increasing. If it fails to hold the 111k—110k range, the market may continue to drop to 108k—105k.
⏰ 4-hour structure: rebound then pressure, with short positions dominating.
In the short term, each rebound to the 113.5k—114k area is quickly pressed back, indicating clear resistance above.
🤔 Currently, I recommend a 'bearish outlook':
🔘 Consider taking partial actions near 114k, with risk control placed above 115k.
🔘 The initial target is 112k, if it continues to break through, then look towards 110k.
🎈 Summary and Suggestions
The market now feels like a 'deflated balloon', with weak rebounds and overall sentiment. Don't rush to catch the bottom, as this position is likely to continue shaking out. Short-term operations should be flexible and take profits when possible, while medium to long-term players can patiently wait for more suitable low opportunities.
💡 Remember: the market is volatile, stay alert, and the key is not to be greedy or panicked‼️
