As the intraday market approaches closing, the coin price has undergone repeated pullbacks and fluctuations in the morning, resulting in a rebound of over 1k points around midday today, peaking near 11.92. After a slight probe, the coin price experienced a significant quick withdrawal, touching below 117k at its lowest. I had already provided a reminder for a high short order rebound during midday, and our real trading setup for the short order at 119044 was strongly executed at the 117742 level, securing a space of 1302 points. Throughout the day, Bitcoin accumulated a total of 3335 points in space. Although today's fluctuations were not as frequent as yesterday's, we still achieved decent profits in real trading thanks to Zhiyu's precise judgment.

From the daily chart, the coin price closed with a small bearish doji candlestick, and the Bollinger Bands continue to narrow, indicating that a trend change is imminent. Currently, the coin price has broken through the middle band and is operating below it, disrupting the previous trend of maintaining above the middle band, which will affect the new direction choice. From the four-hour chart, after the coin price dropped below the middle band, it quickly fell to the lower band after a slight consolidation, forming a bearish engulfing pattern. Subsequently, it reached the bottom support, allowing for a slight rebound. Continuous wicks have pierced the lower band, and the coin price is repeatedly testing the lower support. Although it has not been able to break below in the short term, from the market trend perspective, a breakout is only a matter of time. The short-term bearish outlook remains unchanged, and it is advisable to respond with a rebound high short strategy.
Short Bitcoin around 118000, pay attention to around 117000; short coin around 3790, pay attention to around 3700. #BTC#