BTC, currently from the signals of two time levels, the signs of a short-term adjustment are very clear. The interruption of the continuous upward trend at the four-hour level indicates that the short-term trend has reversed.

At the hourly level, the upward movement failed to stabilize at the upper track and also broke through the smaller upward channel. The bearish momentum is starting to release, making it highly probable for the daytime to continue declining.

Recommendation: Short around 118500, target around 116000!