Good morning, in the early hours of today, the coin price continued the previous downward trend, further dipping below 117,000, and then quickly rebounded to around 117,700. The downward pullback pressure point continued in the early hours today, and we timely changed our viewpoint, decisively following the trend to turn bearish, sharing our thought strategy in advance. The market trend also coincided with this; our short order entered at 117,841 was again executed at 116,880, gaining 961 points. There is no need for further words; time is the only answer that verifies all truths. Finally, I wish everyone a pleasant weekend.

From a four-hour perspective, the coin price has rapidly dipped to near the lower boundary with consecutive bearish candles, and then rebounded slightly due to support from the lower boundary. It is currently operating between the middle and lower boundaries. The MACD energy bars continue to weaken, with the fast and slow lines forming a bottom divergence, showing evident signs of bullish fatigue, while the bears are gradually gaining market advantage. The Bollinger Bands are slowly tightening, so it's highly likely that a fluctuating downward trend will emerge over the weekend. It is advisable to focus on short-term operations with a primary strategy of high short positions during the rebound.
Short order on Bitcoin near 118000, watch around 117000, short order on Ethereum near 3560, watch around 3480.
#BTC# #ETH# #GateioInto11#