The upper resistance is still the previously mentioned 112200, 113500; these two positions are the shorting opportunities. The targets below are successively 110700, 109500, 108800.

The high short position remains unchanged, closely monitor the key resistance levels.

Bitcoin's daily candlestick has shown two consecutive bearish trends, and the rebound during this period hasn't even touched the middle track resistance, indicating a clear weakness. The bearish energy in MACD is still continuing to expand, and KDJ and RSI are also turning downwards. Although the lower Bollinger band is slightly opening upwards, it is still far from the support at the current position, so there is no need to panic for now.

Looking at the 4-hour level, all three tracks of the Bollinger Bands are opening downwards, so the strategy of holding a high short position will continue into midnight.

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