The short position laid out above the recent high of 120,000 for Bitcoin has also created a space of over 3,000 points;
Currently, from the news perspective, the Federal Reserve does not need to rush to cut interest rates, and the probability of a rate cut in July is low;
Bitcoin continued its bearish trend at midnight, with high pressure continuously moving down. Moving forward, we will mainly focus on short positions!
Short when rebounding above 118,000, and for those who are more cautious, set up short positions around 118,800, with a short-term target of 115,300; if it breaks down, look for 110,000! $BTC