Brothers, now Brother Chen will talk to everyone about the latest analysis and operational suggestions for Bitcoin's price trend.

The current price of Bitcoin is 111,900, down 2.47% in the last 24 hours. Key levels to watch: support levels are divided into three tiers—113,000 is the short-term strong/weak boundary; if it breaks down, it may accelerate to 111,000 (strong weekly support), and further down at 104,000 is the mid-term defensive line; resistance levels to watch are 116,000 (breakout signal), 118,000 (previous high pressure), and the psychological barrier of 120,000.

Technical signals show divergence: the 4-hour MACD bearish momentum is shrinking, but the long upper shadow in the candlestick chart indicates heavy selling pressure above; the daily MACD death cross continues, and if it breaks below 113,000, it may quickly rush to 111,000. Additionally, there is a gap around 116,800 dollars, and a rebound to this level could trigger technical selling.

The funding situation is under pressure: Bitcoin ETFs have seen a net outflow of over 23 million dollars for six consecutive days, indicating a significant withdrawal of funds; in contrast, Ethereum ETFs saw an inflow of 341 million dollars in one day, exacerbating the diversion of funds and weakening BTC buying momentum. Furthermore, a giant whale converted over 6,000 BTC (about 700 million dollars) into ETH, further weakening short-term support.

Finally, Brother Chen's operational suggestion: short near 112,000-112,500, with the initial target at 111,000; if it breaks, look down to 110,000. Be sure to control stop-losses. Operate with light positions and caution, and do not blindly chase orders. #BTC走势分析