The 4-hour chart of Bitcoin shows that the recent short-term low has stabilized, and the market may seek a new balance point. The candlestick pattern indicates there is pressure above. The MACD indicator has turned positive from negative, suggesting the market is warming up but lacks momentum. The daily MACD has a death cross, with the bearish trend dominating the market.

Bitcoin: Around 117700-118200 resistance, 118800 as support, looking down to 116800-115600#BTC走势分析