BTC 4-hour cycle K-line interpretation!!

Core View Summary: The current market BTC is in a 【downtrend】.
Technical core drivers: The three black crows pattern is significant, with moving averages in a bearish arrangement and a death cross forming a bearish resonance, both trend and momentum indicate a downward direction.
External environmental impact: The overall external environment is neutral, and market sentiment has not provided a clear direction, with mixed news.
Main potential risk: The current price is close to the strong support level of 111754.43, which may limit further price declines in the short term.
1. Overall Analysis and Judgment BTC shows a clear downward trend in the 4-hour cycle, and technical signals indicate that the price may further decline. The appearance of the Three Black Crows pattern, along with the bearish arrangement of moving averages and the death cross resonance, indicates that the market has entered a strong bearish phase. However, the current price is close to the strong support level of 111754.43, and this key level may limit the downward space in the short term.
In terms of the external environment, market sentiment is neutral, providing no clear directional guidance. The news landscape is mixed, with positive factors including institutional investment and technological advancements, but negative news such as fraud cases and lack of confidence among major players exert pressure on the market. Overall, the technical analysis dominates the current market, and the external environment has not effectively interfered with the trend.
2. Key Evidence Interpretation Technical Diagnosis Market Status Identification: The current market is identified as "downward trend".
Key Findings:
The three crows exhibit significant patterns, indicating that the market may enter a bearish reversal phase, with a high signal strength.
The bearish alignment of moving averages and the death cross form a bearish resonance, with prices below both short-term and long-term moving averages, and both trend and momentum pointing downward. #BTC# #GateioInto11#
The price is slightly higher than the VWAP, but the trading volume has drastically decreased, indicating insufficient upward momentum, necessitating caution regarding the risk of a pullback.
The current price is between the support level of 111754.43 and the resistance level of 115235.81, with a strong support level that may limit further price declines in the short term.
Macroeconomic and sentiment diagnosis overall environment rating: The external environment is rated as "neutral".
Core Evidence:
Market sentiment neutral (Fear & Greed Index).
Macroeconomic pressure is neutral, with no significant changes in the US dollar index and government bond yields.
The news is mixed with both bullish and bearish signals, lacking a clear directional drive.
3. Strategy Recommendations and Key Levels Based on the above analysis, we propose the following trading strategy plan for your reference, please consider it in conjunction with your own risk preferences.
Strategy 1: [Short Selling - Conservative Type]
Entry Area: 114500 USDT
Stop loss price: 116305 USDT
Target area: 111800 USDT
Strategy Basis: Given that the current market is in a downward trend confirmed by the moving average system, and that 114500 ~ 115235 is a strong resistance zone, the probability of the price being blocked near this area is relatively high. Therefore, adopting a conservative strategy of shorting near the resistance level is a high-probability choice that aligns with the trend.
Scenario of Strategy Failure: If the price breaks through 116305 and holds, it indicates that the trend may reverse, and this strategy is invalid.
Strategy 2: [Short Selling - Aggressive]
Entering Area: 113000 USDT
Stop-loss price: 115235 USDT
Target Area: 108700 USDT