In terms of technology $BTC , a new local strong resistance level has formed near 113500, while the overnight drop to 112100 has opened up short-term downward space. The current price near 112400's weak rebound is more inclined towards a downward continuation. If the rebound fails to recover the 113000 level, it is highly likely that the market will further test the support lines of 111500 or even 111000.