Wednesday: The fall continues, recovering without a pullback, bearish.

The market at midnight did not show a strong decline, mainly focusing on consolidation after a short-term drop. It also did not produce the expected rebound from bullish friends, and the overall pattern remains weak.

On the four-hour level, the price has fallen strongly, providing some recovery, but the upward momentum appears weak, and the volume is insufficient to sustain the bulls' recovery, with the pressure effect being evident.

On the one-hour timeframe, the price is correcting upward under pressure from the middle band of the Bollinger Bands, but the demand for a downward movement is clear, and the upward momentum is insufficient, with strong resistance at the 114000 level.

Today, our strategy is primarily focused on shorting due to high-pressure testing.

The operational suggestion is to short directly in the 113600 area at this stage, with a supplement at 114300, targeting 112500-111500.

Warm reminder: reasonable control of positions #BTC#