The current Bitcoin price is around 109500, showing an overall downward trend with price below the moving average system and low market trading volume, indicating a sluggish trading sentiment.

In the short term, according to candlestick analysis, there are signs of price stabilization around 109250, but there is rebound pressure at 109384.1 (MA7) and 109428 (MA). The volume indicator shows low willingness for funds to enter the market, with insufficient upward momentum, which may lead to continued weak fluctuations. In addition, the short-term moving averages apply strong pressure, and the price may still test the support level of 109250. Although the candlestick patterns such as flat-bottoms and doji candles indicate a need for rebound, the extent of the rebound is limited due to insufficient funds.

For afternoon trading strategy, aim for short positions at 109500-110000 with a target of 107500.