BTC closed bearish this week, with the upper shadow touching the upward trend line at 116,000 before retreating; if it cannot recover 113,800, the weekly chart may retest the lower band (the bottom of the funnel); on the daily chart, a "hammer line" appeared yesterday but with increased volume, forming a "bearish three crows" pattern with three consecutive bearish lines (unless it recovers today); the key support level on the daily chart is 110,500 (lower band of the rising channel), and a break below may look towards the possibility of 104,000; for the short-term, focus on the 4-hour chart, as short-term opportunities are lurking.

In terms of short-term, on the 4-hour level, it has broken below the rise trend line and the middle track of the channel. The support lower band is around 110500. If it fails to hold this level, it may trigger a continued fall on the daily chart.
Pay attention to the mid-channel pressure around 114200 during the rebound. It has broken through, and the next pressure is near the previous consolidation level around 116200.
In terms of indicators, MACD and RSI show a downward trend, indicating a bearish arrangement.
Trading idea: Continue to pull back and follow the key support level. If it stabilizes, you can take a long position and need to watch the market closely.
The indicators are bearish, and you can short at the short-term resistance level in batches; if it breaks through, then stop loss $BTC .