#美联储降息预期 Bitcoin is currently consolidating around $113,000, with initial support found at the $112,121 level for the short-term. From a technical analysis of the 4-hour chart, the price has fallen below the MA7 moving average and is pulling back towards the MA25 moving average, indicating a weak short-term trend. However, it is important to note that the MA99 moving average corresponding to $110,800 remains a key support area.

From the daily level observation, the Bitcoin price is currently pulling back and consolidating near the MA25 moving average, but the overall medium-term upward structure has not been damaged. The key point for future trends is whether it can stabilize again above the $114,000 area. If it can break through the $116,000 resistance zone with volume, it will be expected to confirm the beginning of a new upward trend. At that time, the first target can be focused on $118,500, and further look towards the $120,000-$130,000 range.

It is recommended to consider placing long positions in the range of 112000-112500 dollars, with a target set at 114500 dollars.