On the daily level, after three consecutive bearish candles, the Bitcoin price has broken below the middle track, and the technical indicators have clearly shown a bearish tendency. The market surged in the morning but quickly fell back; this rebound lacks sustainability and is a typical false rebound, with a high probability of continuing the downward trend.

In the short-term market, the price has not effectively broken through the previous resistance, and both bulls and bears are caught in a tug-of-war. The current market pace is accelerating, and if one blindly chases rises and sells on dips, or participates in one-sided trading, it can easily lead to a passive situation. Considering the repeated failures to break through key resistance levels, it is expected that the market will face a deeper correction in the future.

Trading suggestion: Look for short positions near Bitcoin 112600-113000, add to positions at 113400, targeting 111500-110000, and if it breaks down, look further down to $BTC #狗狗币ETF进展 $XRP #币安HODLer空投0G $SOL #现货黄金创历史新高 .