The callback that was meant to come will always arrive. Bitcoin has now fallen below the low of July 25, and the Bollinger Bands have shifted from narrowing to opening. The four-hour chart shows a wedge adjustment, which is worth noting for short-term trading. Pay attention to support levels at 112000, 109500, and 107500; resistance levels at 119200 and 116411.
BTC has continued its decline from the early morning, and any rebound is an opportunity to escape. When approaching the cost, breaking even, or when the rebound is enough to cover fees, it's time to run. Don't get attached to early morning trades! If it falls below 116411 and cannot recover, it may retest just above 4000. The major non-farm payroll data tonight may trigger volatility, so clear positions during the day and look for opportunities again at night. Avoid turning short-term trades into medium to long-term ones!
