In the early hours of today, after the Bitcoin price pulled back to around 107, it underwent slight fluctuations and adjustments, and then surged again to the 108 level. However, the bullish momentum is gradually weakening. After reaching around 108, the price quickly began to rebound and fall. The strategy I provided last night has once again been perfectly validated.
Looking at the four-hour chart, the price has been alternating between small bearish and bullish candles, gradually transitioning to alternating small bullish lines and medium bearish lines. After the price stabilized yesterday, it began to exhibit a slow downward trend. Analyzing the market, both bulls and bears are still in a stalemate. On the hourly chart, a large bearish candle quickly engulfed all previous slow upward movements, but this pullback did not have a strong continuation. In the short term, the price is likely to enter a state of fluctuation and adjustment again, and of course, we still maintain a bearish outlook.
Short sell around 107500, watch for around 105500. Short sell for the second contract at 2430-2450, watch for around 2350.
