The intraday Bitcoin trend is similar to yesterday, except the direction has reversed. Bitcoin has been oscillating and adjusting around the 118,000 line, and in the evening, there was a slight upward push, reaching a maximum of around 118,800, giving a long stretch of a thousand points. It then faced pressure and fell back, currently operating around 118,300. After we took a short position at midnight and secured 863 points, Bitcoin continued to indicate a long position, and in the evening, we publicly provided a long position at the current price of 118,700, which we are still holding. We just need to remain patient and wait for the market to unfold.

From the current perspective, the Bitcoin market has not shown much change due to the upward stretch in the evening, and it remains in a phase of oscillation and correction. It was previously mentioned that the four-hour level is forming a triangle convergence pattern. With the adjustments over the past two days, a directional choice is about to emerge. From the daily perspective, the seven-day moving average has shifted from being an important support level to a strong short-term resistance; rebounds touching it are immediately pushed back. Although today's daily candlestick is more substantial than yesterday's, the long upper shadow still indicates strong pressure above. Combining this with the hourly level, the four consecutive bullish daily candles have weakened the upward momentum, and the buying power has been exhausted. Therefore, we expect a pullback to support, so our thought process for a long position remains unchanged, and we continue to look for opportunities to set up long positions.

Bitcoin: Long position at 118,700~119,000, looking down at 117,000. #MichaelSaylor暗示增持BTC #特朗普施压鲍威尔 $BTC $ETH