The current BTC is below the key resistance of 112440, and the chip distribution shows that the trading volume in this area is dense, and the buying power is slightly insufficient (buy to sell ratio 0.969). Combined with membership indicators, the convergence of KDJ and the weakening of MACD momentum suggest weak upward momentum and may rebound to 108000 support in the short term. The 4-hour cycle K-line forms a flat top shape, with EMA24 and EMA52 crossing downwards, further confirming the bearish signal. The trading volume has shrunk to a recent low, and market activity has plummeted, indicating a strong wait-and-see sentiment among funds and an increased probability of decline. Open a membership, obtain real-time resistance support levels and precise buying and selling points, and lock in profit opportunities in advance! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.