BTC has reached the upper resistance level near 110,000, currently oscillating around 109,700, indicating a weakening of bullish strength!
On the 4-hour chart, technical indicators show a gradual decline in bullish strength, with RSI and KDJ indicating a slowdown in bullish advantage, while MACD shows a death cross signal. The main strategy for intraday operations is to go short!
It is recommended to short around 109,500-110,500, with targets at 108,000 and 106,000!
