Jinchuan early morning BTC idea $BTC

Looking at the 4-hour chart, the price is currently near the upper band of the Bollinger Bands, which has a short-term suppressive effect on the price. Additionally, the price has slightly retreated from a high position, indicating that there is pressure above.
The MACD histogram is positive, and the overall trend remains bullish; however, it is important to be vigilant about the changes in the distance between the fast line and the slow line. If the distance narrows in the future, it may indicate a weakening of momentum.
The RSI is above 70, indicating an overbought condition, which suggests that the short-term bullish momentum is excessively exhausted and the demand for a pullback is increasing.
Overall, the short-term bearish signals are more apparent: the price is approaching the upper Bollinger Bands resistance level, and the KDJ and RSI indicate overbought conditions with signs of turning. Although the medium to long-term trend still needs observation, it is currently more suitable to cautiously short or stay on the sidelines, waiting for a pullback to confirm support before assessing the continuation of the bullish trend.
Suggestion: Short around 115700-115350, target 114000#BTC