The market on Sunday evening has indeed been somewhat volatile. After encountering resistance at the 118800 level, Bitcoin fell back and after price correction, it is consolidating around 116800. In the short term, the market seems to be somewhat lacking in strength.

From the chart, the bulls have dominated for a considerable period; the previous gains have brought about a fair amount of floating profit, and the bears will have some space for release. The 120000 integer level serves as a key resistance point, making it difficult to break through. Therefore, the probability of a downward retracement in the short term is higher.

In terms of operation, one can consider a short position near 118200, with a target level suggested around 116500, but it is important to pay attention to the release of bear strength and be cautious of rebounds. #ETH突破3000 #山寨季何时到来 #BTC再创新高 $BTC