Friday, the weakness will continue, and the rebound continues to be limited!

Bitcoin, yesterday's market performance was basically in line with expectations, after the bearish candle transition, the bullish performance still shows a weak adjustment cycle. Old Xue publicly set the limit order at 118800 across the network, which was also consistent with expectations, perfectly capturing over 3000 points, with beautiful rhetoric that matches my strategy! Because it's not just one or two that are saved! May fewer people face liquidation, and I can help everyone avoid detours!

From a technical structure perspective, on the daily chart, there are still no signs of a stop in the decline, with a large bearish candle yesterday. Similarly, the 4-hour chart shows a weak descending staircase at low levels, with the rebound peak moving downwards, and the strength of the rebound is decreasing. The one-sided weakness is more likely to be released, accompanied by long-term consolidation before further momentum breaks lower. A fluctuating weak descending staircase is formed, with a large range of consolidation last week mainly for accumulation. After the accumulation phase, what follows is the subsequent weak volume release. The first four trading days have formed a wave of release, and today looks like a habitual continuation.

After breaking down, Bitcoin's resistance today is at 117000, and Ethereum's resistance is at 3780. Until it stands above this, it is still a short point. The direct drop this morning further establishes the weakness. In terms of operation, it is recommended to short on slight rebounds.

On Friday, intra-day operations are very simple. After a short-term decline, there will always be a round of rebounds. You just need to catch this rebound to short accordingly. It is recommended to set a limit order between 116300-117000, with the target first at 114300, and then 113800, 112500!

In facing the market, one must follow the trend, assess the situation, and never be blindly stubborn! I wish everyone all the best, Old Xue is always here. #美国加征关税 #加密市场回调 #美国初请失业金人数