On the journey of $BTC in the cryptocurrency world, we may encounter storms and rain, but please remember that every low point is the prelude to a rebound. Stick to your beliefs, just like guarding the most precious treasure in your heart, because in the end, time will prove all value. As we enter the evening period, short-term positions on Bitcoin shorts are being set up, with constant inducements to rise, rebounding to around the 116 mark. Real trades are continuously being swept up, and the market is ever-changing; this is also a norm in trading. Although there are losses, it has not affected the overall daily earnings. On the hourly chart, the price of the currency has rapidly fallen from the middle track in a “bearish engulfing” pattern. After a brief oversold rebound ends, the Bollinger Bands are sharply turning downwards, further opening the downward channel. The bearish outlook remains unchanged in the short term, and we will maintain the previous strategy of shorting on rebounds.

Short on Bitcoin in the range of 116000-116500, targeting 113500

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