BTC Evening Observation

The technical indicators show clear signs of "short-term pressure." First, at the 1-hour level, we need to be cautious of the risk of a top divergence: if a significant bearish candle appears within the next 24 hours and breaks the key support level of 111800, it will officially confirm the top divergence at the 1H level, and the short-term pullback could expand to around 110000, requiring timely avoidance of the pullback risk. Secondly, although the 4-hour level has not clearly turned bearish, the combination of "decreased volume and stable funding rates" is typical of a high occurrence stage of "false bullish signals," where market buying momentum is insufficient, and blindly increasing positions can easily lead to a passive situation.

According to Mu Xin's perspective, look for opportunities to buy near 112500. The target is around 113400.

If 112500 cannot stabilize, or if the aforementioned top divergence signal occurs, we need to abandon the long position plan and patiently wait for the end of the pullback or clearer trends. If 113500 is not broken, consider shorting. #BTC☀