The price of Bitcoin is currently fluctuating around $113,000, failing to break through the key resistance level. Multiple market indicators suggest that Bitcoin may face downward pressure in the short term. The momentum indicators are weakening, sell walls are high, and there are also some technical reversal signals, all of which are not good signs.

Analysts believe that shorting Bitcoin may be a relatively wise trading strategy at present. Market participants should closely monitor two key price levels: if the Bitcoin price falls below $114,000 or $116,000, it may trigger further declines.

However, the cryptocurrency market has always been characterized by significant fluctuations, and situations can change at any moment. Investors must conduct comprehensive research and risk assessment before making any trading decisions. Closely monitoring market trends and flexibly adjusting strategies may be a wise move to cope with the current market conditions.