Mu Xin is here to discuss the BTC midday market!
Recently, this trend seems to be increasingly weak in its rebounds, and it is highly likely to continue moving downwards. From the perspective of the market, various indicators are not very optimistic, and the bullish momentum appears to be running out of steam, while the market sentiment is quite cautious.
In terms of operations, it is recommended that everyone consider shorting at the current price or near 114400 - 113900 after the rebound shows weakness, with a target towards 113300 - 112800. We are currently in a range-bound fluctuation, so our investment should primarily focus on being steady.
