$BTC is currently consolidating in the 0.5-0.618 range, a clear direction will be indicated by a breakout. If the breakout is upward, target price is 121800; if it breaks down, target price is 114700.

Currently, the MACD indicator is approaching the 0 axis after a death cross.

The K-line Bollinger lower band is testing for a breakout.

KDJ is turning downwards.

In the next hour, it will either move downward or consolidate.

CCI, RSI, and SKDJ all suggest a downward movement or consolidation.

So continue to hold the short position.

Wait until 2 PM to see the closing K line before making further decisions.