BTC Short-Term Observation: Personal View Leans Towards Bearish

The current trend is somewhat exhausting, with a fluctuating movement.

From a technical perspective, the signals on the 4-hour chart are quite telling. The MACD's red bars have been gradually shortening, indicating that the momentum driving the price upward is waning, and the upward trend is losing strength; looking at the RSI indicator, the three lines are all stuck around 50, which is precisely the dividing line for the balance of bullish and bearish forces. In simple terms, neither the bulls nor the bears have a clear advantage at the moment, and it remains to be seen who will break the deadlock first.

In the short term, I personally lean towards a bearish outlook.

111600-111400 range for selling, targeting around 110700 first, and if there is volume, we can continue to look down towards 110200.

However, I must remind you that the market can change at any time. If BTC can strongly break through 111900, it would indicate that the previous fluctuating pattern has been broken, and the short strategy must be adjusted promptly; we cannot stubbornly hold on, as short-term trading emphasizes flexible responses. #BTC☀