A few points to supplement:

① Upper pressure at the 118400 line; only after surpassing this point can we enter the range of【120600-121400】, which is also the extreme position for this rebound.

② Will this adjustment be a trap for short sellers? How it descends will determine how it ascends again; it might even reach a higher peak. For now, I don't think so, unless it directly rebounds today. However, pay attention to the CPI data at 8:30 PM. If it's favorable, there’s still a possibility. If it’s unfavorable, it indicates that there will basically be no interest rate cuts in July, and whether there will be cuts in September will depend on Powell's statements. In this case, this market trend may basically come to an end. At the very least, a larger adjustment is inevitable.

③ If a significant adjustment occurs, where can we see it going? 【112500-113300】. That would be strange; didn’t you say the 113300 line was completely wiped out by the bears, ending the bullish market? A false breakout doesn’t count. If the next couple of days are spent below the 113300 line, the bulls will basically be finished. At that time, turning to a downtrend and continuing to drop is also possible. #CPI数据来袭 #比特币巨鲸动向 #美国加密周 #交易策略误区