On the 4-hour level, after the price lost the key support of the middle track, it accelerated towards the lower track, and the middle track simultaneously turned down, forming a medium-term suppression inertia. In terms of candlestick patterns, there is a continuous decline in a step-like manner, with rebounds only touching the middle track before being pressured again. The effect of support turning into resistance is significant, and the bulls have no counterattack strength. #BTC #ETH

In operation, one can rely on the resistance level of 112500 to lightly position short positions, aiming for 110500, with a stop loss above 113000, closely following the rhythm of the bearish trend, and avoid blindly trying to catch the bottom.