The recent price movement of Bitcoin shows a trend of oscillating downwards. The 4-hour Candlestick Chart indicates that after experiencing a significant rise, the price has begun to undergo a gradual adjustment. Although there are signs of temporary stabilization, the upper wick suggests that selling pressure remains strong.

The current price is hovering near the middle band of the Bollinger Bands, with明显不足 in upward momentum, and the overall market sentiment is cautious. In terms of technical indicators, the KDJ indicator is gradually declining towards the zero axis, and it is expected to continue to move lower.

Investors need to closely monitor the extent of price retracement and whether key support levels are broken. In this market environment, it is advisable for investors to remain vigilant and manage risks effectively. If the price rebounds to around 116,000 USD, consider shorting on the rise, with a target level of around 114,000 USD.

However, the cryptocurrency market is ever-changing, and investors should keep an eye on the latest market dynamics and adjust their strategies flexibly. At the same time, remember not to over-leverage and to reasonably control positions to cope with potential sharp fluctuations.