BTC, from the 4-hour Bollinger Bands perspective, the bands are narrowing, with the upper band showing significant resistance near 120500. If the price cannot break through the upper band resistance, it may test lower again.
The target for short positions can initially look towards the lower edge of the range around 116000. If 116000 does not break or only breaks slightly, a decisive rebound for long positions is recommended!
Suggestion: Short near 119300, with a target around 116000 for a rebound long!
