Bitcoin fluctuated overnight, failing to break free from the bearish trend, influenced by news, rising to the 113800 line, and continuing to fall back to the original low of 107600 line.
Currently, looking at the 4-hour chart, after two consecutive bearish candles at the high point of the 113800 area, it has been consolidating at a low level during the day. It is expected to be similar to yesterday, with a rebound followed by a decline. However, today, if there isn't significant news support, the rebound space will not be too large. Focus on shorting near the 4-hour mid-line around 109500!
Specific trading strategy reference:
Short Bitcoin at 109500 after the rebound, targeting the 106000 area!
