BTC, the 4-hour chart is currently in a downward channel, and the rebound is only for a better decline. Don't rush to bottom fish; wait and see!

The 4-hour chart's moving average system shows a bearish divergence arrangement, with MA30 crossing below MA60, indicating that short-term bearish strength is dominant, making it easy for prices to continue the downward trend under the pressure of the moving average system.

Suggestion: Short around 112500, target around 110000!