The overall structure of Bitcoin has maintained a narrow range of fluctuations until the evening after the U.S. stock market, when it rebounded to a high point of 122497, which coincidentally reached the high entry point we provided. Following that, it experienced a pullback, reaching a low point of 117600 by early morning. Our Bitcoin futures also successfully gained 4000 points in the control range!

From the current market perspective, the four-hour level has clearly formed a trend of a top reversal in the short term, with three consecutive downward waves indicating a signal of weakening in the market and a manifestation of the bearish forces starting to exert their influence. Although the price fluctuations are gradually slowing down, showing a trend of slow retracement and correction, in reality, it is the bearish forces gradually taking control of the situation, and the continuous downward movements in the short term are the best proof of this. Currently, the bearish forces are accumulating, and the price is in the process of retracement. Close attention should be paid to the strength and extent of the rebounds, and in terms of operations, it is advisable to maintain a high short position!
Short near 118500-119300 on the rebound of the big cake, looking down at 116800-115000. If it breaks through, look down at #GateFunMeme创作大赛来袭 #美联储降息预期升温 #现货ETF获批新进展 #BTC #ETH .