Family, today Hao is giving everyone an update on the latest Bitcoin market. If you want to seize the opportunity, keep a close eye.

In the past 24 hours, BTC has been like a roller coaster, swinging between $110,708 and $116,935, with several dips below the key support level of $112,000, indicating significant short-term selling pressure. From a technical perspective, the 4-hour candlestick has formed a 'bearish engulfing' pattern, the MACD has not only crossed bearish but has also fallen into negative territory, clearly indicating that short-term downward momentum is dominant.

But amidst the chaos, opportunities are hidden. Short-term traders, pay attention: if the price reaches the range of $111,450 to $112,000 and the 4-hour candlestick closes with a bullish candle, then a small position can be taken to go long, aiming first for $114,000 to $115,000, with a stop loss set at $110,800, so as not to expose yourself to too much risk.

There are also opportunities to short; if the price rebounds to around $115,000 and clearly encounters resistance without breaking through, then you can set up to short, targeting $113,000, with a stop loss at $115,500, and strict execution is essential.

To be honest, BTC is currently in a 'consolidation bottoming' phase. The short-term technicals appear bearish, but don’t panic too much. Institutions have been accumulating at lower prices, plus there are some macroeconomic factors providing support, so it might rebound at any time.

Lastly, Hao's trading advice today: consider shorting near $113,550 to $113,950, initially targeting $112,560, and then looking at $112,180. However, I must remind you that the cryptocurrency market changes quickly, and everyone should adjust according to real-time situations, don’t be too rigid. Investing carries risks, decisions should be made cautiously; if you make a profit, smile happily, but if you incur losses, don’t overreact, being rational is always the right approach. #BTC