Bitcoin Afternoon Thoughts:
Just reached a new high of 118,000, and the rebound momentum after the surge is quite noticeable.
The four-hour KDJ is showing a constrained downward pattern.
Keep an eye on ETF capital flows (net inflow of 1.2 billion in July) and the Nasdaq; afternoon fluctuations are expected to amplify.
Personal Opinion:
Short near 118,000, first targeting below 115,000; if it breaks, then aim for 112,000.
