Briefly about Bitcoin in the afternoon

The morning market did not have much fluctuation, after a slight rebound, it was blocked at 115000 and then retraced, maintaining a small range of oscillation. There are no obvious long or short signals in the short term. From the 4-hour chart, the bearish pattern still exists, but the Bollinger Bands are showing a contraction, indicating that there will not be significant fluctuations in the short term. Given the strong pressure above, it is advisable to continue holding short in the afternoon, and if it does not extend downwards, then go long.

Reference short near 1150, short-term view on the 1138-1130 area.