Bitcoin Evening Thoughts
118000 has already been broken, how far can 117000 be?
From morning to afternoon, we have repeatedly suggested looking for opportunities, and the market has not let us down, oscillating downwards from the 120200 level and breaking through several support levels, with a low around 117800. The overall decline exceeds 2400 points. Whether following 119400 at midnight or entering high positions in the morning, we can achieve significant gains. We have maintained a winning streak in taking positions all the way.
Currently, the market is eager to rise, with a four-hour level showing consecutive declines but finding some support at the middle track. However, the market remains in a volume expansion state, and a complete breakdown is just a matter of time. The weakness at the hourly level is even clearer, with consecutive declines accompanied by minor adjustments, effectively releasing market emotions and allowing the decline to progress more coherently and smoothly. This evening, our thoughts remain unchanged as we continue to look for opportunities.
Bitcoin: 118700～119000 positions, looking down at 117000. $BTC
