8.6 Afternoon Bitcoin Market Analysis

In the morning, Bitcoin rebounded to 114200 but faced resistance, then fell back to around 113000. Just when everyone thought the bulls were losing strength, it surged again by over 1000 points to reach 114400, where it faced pressure. Overall, the market is in a tug-of-war between bulls and bears, with the direction yet to be determined. Zhang Heng expects that the upcoming trend will mainly be characterized by fluctuations, and we should maintain our earlier high short strategy.

Trading suggestion:

Short Bitcoin around 114500-114300, with a target of 112000. If it breaks through, continue to look down at 110000.