#美联储降息预期 Bitcoin briefly surged to 116,000 points last night before quickly retreating, with longer momentum exhausted and bears significantly controlling the market rhythm. Currently, the daily chart shows a series of three consecutive bearish candles, the Bollinger Bands indicator has turned downward, and the KDJ indicator is about to signal a death cross, all of which indicate increased short-term downward pressure.

In the 4-hour time frame chart, the price has broken below the key support level of the middle track and is moving toward the lower track. All technical indicators show that the bearish trend is dominant. It is worth noting that the technical indicators on the 1-hour time frame chart have not yet shown signs of a turnaround, indicating that the current pullback trend has not ended, and there is still downward space.

According to the current market technical analysis, short-term trading suggests maintaining a high position short strategy, with the possibility of placing short orders near the 113300 point level, targeting the 109500 point range.