BTC completely aligned with the bearish outlook yesterday, steadily declining without looking back, successfully breaking below the 110,000 level, reaching a low of 118,500. Overall, the weekly K has approached the middle Bollinger band support. The two-day EMA moving averages have formed a death cross, and the MACD lines are about to cross the zero axis, showing some bullish divergence at the bottom. Therefore, we can wait for a slight rebound before trying to short again. It is advisable to wait for a rebound to around 112,500-111,800 to short, continuing to look down to 110,800, 109,600, 108,800, 108,300, 107,600, 106,800. Near the target below, assess the support situation to attempt a reversal. If it substantially breaks below 106,800, then follow the trend.