BTC has continuously retreated from the high point of 115900, with the short-term focus shifting downwards, currently hovering around 110600. The key support level remains at 109800; if broken, it may open up further dip space, targeting 108500. The pressure above is at 111800 and 113000, and a short-term rebound reaching this area is likely to face resistance and fall back.

It is recommended to set up light short positions as the price rebounds to the range of 111500-112000, with the stop loss above 112800. The initial target is set at 109800, and if broken, it may extend to the area of 108000. If the market strongly recovers to 112500 and stabilizes, consider trying a short-term long position, but focus on quick entry and exit. The overall trend is weak, and the strategy remains primarily focused on high shorts.