$BTC Yesterday night, the market fluctuated with back-and-forth movements, which was similar to what was expected, with the main forces clearing at 117000. The main forces established positions in the range of 117500 to 118000, so as it goes down, the main forces will still support the market, and it won't easily drop, but rather look at the selling pressure. Therefore, after reaching a low point yesterday, there was an initial slip. Multiple tests did not break the position, with the four-hour chart continuously showing lower shadow candles before rebounding in the morning, followed by another test of 117. It also failed to break the position, just missing it by a tiny bit, which is a bit regrettable. According to expectations, if 117 breaks, it would continue further, then come back up, and then go down again. The trend is quite similar to the movements on the night of July 1. The difference is that previously, the main forces started to sell off gradually, while this time, they have increased their positions. However, after the rebound, they still sold off. Currently, it remains in a tug-of-war. So, after this back-and-forth, where do we go from here...

On the four-hour chart, there have been continuous lower shadow candles, but this cannot be counted as a structure in the trend; rather, it reflects the contest between the trend and the main forces. Therefore, the overall trend still leans towards weakness. The Bollinger Bands on the 12-hour chart have already contracted quite a bit, and the next one will be above the daily line, with the middle band of the daily Bollinger Bands having extended above the recent low points. Therefore, if it does not break the recent lows, it can directly break through the middle band. Once the middle band is broken, the previous low points will not hold, leading towards the lower band of the daily Bollinger Bands. This possibility is quite significant, so we are still watching for a correction. However, it may also break upwards and move strongly in one direction, but it must break 12 again to do so.

Around 118700 to 119000, the southward long line remains below 11. The short line is 1167. #BTC