Current short-term sentiment for Bitcoin is significantly bearish: the rebound is weak, yesterday's decline has not been recovered, and there is no counterattack from the bulls, indicating a clear weakness; the bears continue to exert pressure, with resistance levels moving downwards. The early morning dip has opened up downside potential, and the bearish dominance is evident.

On the 4-hour timeframe, the price is oscillating at a low level without stabilization, with moving averages in a bearish arrangement, and the rebound is encountering resistance; on the 1-hour timeframe, the weakness continues, with bearish candlesticks dominating, and the rebound is limited. Short-term momentum is bearish, and there are no signs of reversal at any level, indicating an overall bearish consensus.

Operate in line with the trend to short, morning strategy: short directly at 113500-114000, target 112000.