Based on the BTC/USDT chart on the 1-day timeframe (1D), here is some short-term analysis on the potential correction (next downward point) of Bitcoin in the coming hours:

1. The price is correcting after reaching a peak of 111,963 USDT

• BTC recently peaked at 111,963 USDT and is decreasing to 106,656 USDT.

• The most recent candle is a red candle with a long upper wick, indicating strong selling pressure as the price attempts to rise.

2. The MA lines are providing short-term support

• The price is currently between the MA5 (108,618) and MA10 (106,857). If the price breaks below MA10, it could further drop to:

• MA20: ~104,590 USDT

• MA30: ~101,395 USDT

3. KDJ Indicator (9,3,3):

• The %K line (62.8) crosses below the %D line (73.0) => Short-term bearish signal.

• %J has dropped sharply to 42.5 indicating strong bearish momentum.

4. Trading volume is gradually decreasing

• Volume shows no signs of a breakout, indicating that the upward momentum has weakened, leading to a high possibility of correction.

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Short-term correction prediction (in the coming hours):

• Nearest support: 106,000 USDT (low on May 24)

• If broken: It could further drop to 104,500 USDT (MA20)

• Deeper support: ~101,400 USDT (MA30), corresponding to a correction of ~10% from the most recent peak.

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Strategy if you are trading:

• If holding Long: Consider taking partial profits or setting a stop-loss below 106,000 USDT.

• If looking to enter Short: You might consider opening a position around the 107,000–108,000 USDT range if the price does not surpass MA5, with a target of 104,500–101,400 USDT.