Recently, the price of Bitcoin has attempted multiple times to break through the resistance level near 4200 USD on the 4-hour chart, but has not succeeded, showing a clear downward trend. From the perspective of technical indicators, the MACD chart for the 4-hour cycle shows that both the DIF and DEA are running below the zero line. Although the green portion of the MACD histogram has shortened, indicating a weakening of short positions, the overall trend still leans towards bearish.

Currently, market participants should closely monitor the $4110-$4130 range, which may become an important support level in the near term. If the price can gain effective support within this range, a rebound may occur in the future. In this case, the potential target levels above may successively be $4200, $4280, and $4500.

However, investors should remain cautious as the current market sentiment is still leaning towards caution. If the support range of $4110-4130 is broken, it may trigger further declines. Before making any investment decisions, it is advisable to conduct a comprehensive analysis in conjunction with other technical indicators and fundamental factors.