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

The earlier gains have been retracted again, currently hovering around the low of 110500, but it has not broken downwards yet; however, it is certain that 110000 cannot be held.

It is recommended to continue shorting around 112000 and watch the lower level of 110000. If it breaks down and stabilizes, watch for a lower level of 108000.