At the hourly level, although there are many lower shadows for Bitcoin, they are not to be feared. As the liquidity of Ethereum cools down, funds are flowing back into the mainstream track, and the broad decline of altcoins further highlights Bitcoin's stability.
Currently, there is significant selling pressure at the 120,000 mark, and the overall trend is still trapped in a range-bound oscillation.
Operation suggestion: Short Bitcoin around 119,200-119,600, looking down to 117,000-116,000, long-term target 110,000
