According to the analysis of the 4-hour time frame, Bitcoin (BTC) is currently probing an important concentration area of chips around $111,200. Although the MACD indicator has shown a death cross signal, it is worth noting that the volume has shrunk to about 43% of the average level, which may indicate that the selling pressure is relatively limited.

At the same time, the Exponential Moving Average (EMA) shows a bullish arrangement, which further enhances the possibility of price finding support in the current area and potentially breaking upwards. Considering these technical indicators, the market seems more inclined to continue rising after finding support at this level.

For investors interested in participating in trading, it may be worth looking for long opportunities in the range of $111,000 to $110,500. If the market trend aligns with expectations, the target price can be set around $113,000. However, risk management is equally important, and it is recommended to set a stop-loss below $109,000 to prevent potential downside risk.

Please note that the cryptocurrency market is highly volatile, and investors should fully consider their risk tolerance and conduct a comprehensive market analysis before making any trading decisions.