The large plate has begun to fluctuate and adjust. There is nothing much to analyze here, so let's keep it simple. In the short term, there are no signs of the bulls breaking through the resistance at 1120, while the bears' pullback is also limited. The local market has formed a range-bound fluctuation trend. Both bulls and bears have operational space in the short term. Currently, we are bearish, but personally, I feel the resistance above is strong, so we should primarily focus on short positions, although aggressive traders can also participate with long positions at lower levels. $BTC