Bitcoin (BTC) has recently shown a fluctuating downward trend on the 4-hour chart, forming a cyclical pattern of rebound after a fall and continued decline after the rebound. This behavioral pattern actually reflects an important market trend: BTC is gradually dismantling the previous upward momentum while gradually establishing a downward trend.

Currently, the market exhibits characteristics such as fluctuations, a zigzag pattern, and pullback confirmations, all indicating that the ongoing downward process remains relatively restrained and rational. This relatively mild downward pace suggests that market participants have not fallen into a panic state and are maintaining a certain level of calm.

From a short-term trading perspective, a rebound may occur overnight, with the expected rebound range between $111,300 and $111,800. This range may become a potential shorting opportunity, with target prices set at $109,800, $108,000, and $107,000.

However, investors need to be cautious about this fall trend. Although the market is currently performing relatively stable, the situation can change at any time. Closely monitoring market movements, global economic conditions, and the latest developments in the cryptocurrency industry is crucial for formulating wise investment strategies.

In addition, it is worth noting that the volatility of the cryptocurrency market has been high, and the current falling trend may be a short-term phenomenon or may indicate a longer-term market adjustment. Investors should allocate assets reasonably based on their risk tolerance and investment goals, and not place all their hopes on a single market trend.