$BTC According to the current market situation, the four-hour level shows that the market has experienced four consecutive rises before facing resistance, followed by a two consecutive falls trend approaching the middle line of the Bollinger Bands. The K-line entity continues to show longer upper shadow lines, indicating that the pressure above still exists. Additionally, the middle line of the Bollinger Bands continues to maintain a downward trend, so the overall trend is more inclined towards a weak shape.
From the one-hour level, the market has peaked at the upper line of the Bollinger Bands and then faced resistance and fell back, with the price gradually descending to the middle line. The MACD indicator forms a death cross with its dual lines, and its histogram has also fallen below the 0 axis, so in the morning operation, we will proceed with the idea of shorting from high.
113500 nearby can short, target looking at 111500
