From the current market perspective, the bearish momentum at the four-hour level has weakened, but the Bollinger Bands still maintain a downward opening. The overall trend has not deviated from the downward channel, and the overall market pattern remains weak. Although there has been some rebound, it is merely a normal correction method. Therefore, it is recommended to operate with high short positions after the rebound!
Bitcoin has rebounded to the 113800-114400 short position, targeting 112000 and 110000.
