Those who follow Luyao should know that Luyao has been bearish since 120,000 and has never changed her stance. Recently, she has been reminding everyone that it's fine to short mindlessly at any position, going long will definitely leave you hanging at the top of the mountain, the trend is so obvious, who is actually going long?

From a technical perspective, the 4-hour cycle presents a step-down pattern: bulls attempted to resist at key support levels but were unable to stop the bears' offensive, with candlesticks continuously closing as solid bearish lines, and having broken below the previous support levels, technical indicators also formed a clear bearish arrangement.

It is worth noting that although there have been rebounds during the decline, the rebound highs are continually decreasing, forming a clear downward trend line. This means that the pressure to sell on rallies remains significant, and rebounds instead become better shorting opportunities. Therefore, it is more prudent to continue adhering to the "short on rebounds" approach.

Bitcoin: Short in the range of 114000-114500, target 110000. Those who entered at high positions can look at 100000 for a long-term view. Each should strictly maintain their defenses. #ETH#