Current market sentiment is sluggish. Both observers and those caught in positions are not in good shape. Many planned to exit above 111000, but more chose not to. Some continue to buy. It is suggested that those caught in positions follow their instincts, while intraday trading can proceed normally. Market overview: Daily: Recent range-bound fluctuations, yesterday closed with a small bullish candle with a lower shadow, indicating buying at low levels; MACD remains in negative territory, bear trend has not reversed; RSI 53.68, slightly bullish but with weak momentum; EMA shows a bearish arrangement, overall trend is weak. Hourly: Rebounded from the low on August 31, but pressure is evident around 110000; MACD is above the zero line but momentum is weakening; RSI 51.64, close to neutral; EMA7 and 30 are slightly rising, while the 120 EMA still suppresses price. Bitcoin trading strategy: Short at 110000-109000, stop loss above 111000, target 108000, continue to look for 106500. Long at 107500-108400, stop loss below 106500, target 109500.