Without interest rate cuts, BTC plunged sharply in the evening, reaching a low of 115700. However, the rebound was also very quick, returning to yesterday's position in the morning. Over the past two days, there has been a desire for a pattern, and although I have seen it, it has never been able to continue. Fortunately, there are no interest rate cuts and no subsequent favourable information. I still expect a significant pullback to occur.

From a technical structure perspective, the daily line is currently showing continuous bearish trends. Although they are all doji candles, each time they break through new lows. They have been continually testing the support below. The Bollinger Band is pinching at the lower track, with bears continuously increasing their volume. On the hourly level, after the dip, there has been a consecutive rebound. The rise just provides an opportunity for the southward layout. Those without positions can enter directly.

BTC trading suggestion: Above 117800
Target: 115500#BTC