Yesterday, when Bitcoin rebounded, I took a short-term long position during the intraday session and successfully harvested and exited. After that, bears began to regain ground, and the price of the coin faced downward pressure around 112,500. Currently, the bullish momentum is not strong—if it cannot break through the resistance above 113,000, there is still a downward trend.

From a technical perspective, the 4-hour chart shows a clear downward channel, with key resistance above not broken. The price is still operating in the middle track area, and the upper highs are continuously declining, with the lower track gap still not closed. Once the bullish momentum weakens, the price will continue to refresh lower levels and probe downwards again.

Morning trading strategy: short directly between 111,500-112,000, targeting 109,000.