Short-term trend: Bitcoin's price quickly rose and broke through the upper Bollinger Band before falling back, entering a period of consolidation. The current candlestick at the middle band 112371 indicates that the short-term bulls still have a certain advantage, but the upward momentum is weakening, and it is in a stage of a tug-of-war between bulls and bears.

Support and resistance: The lower Bollinger Band 111234 is an important support level below, and if it breaks, it may open up downward space; the previous high point 113160 is a short-term resistance, and if it breaks through, it is expected to continue the upward trend.