The Bitcoin price daily chart has once again closed in the red, with this pullback reaching a decline of over 4000 points by midnight, breaking the previous low.

The previous gains have once again been given back, currently around the low position near 110500, but it has not broken downward. However, it is certain that 110000 cannot be held.

It is recommended to continue shorting near 112000, looking at the 110000 level below. If it breaks and stabilizes, look at the 108000 level below.