8.10 Evening Thought Analysis
From the trend of Bitcoin over the weekend, there is a high probability that it wants to pull back down. However, to be honest, Ethereum over the weekend was indeed very strong. After Ethereum reached a high and began to pull back this morning, the selling volume of Ethereum was quite large, and a lot of capital started to flow back into Bitcoin.
This caused Bitcoin to start rising as well, almost breaking above the 119,000-point level. Currently, it seems that the overall situation is somewhat inflated, and there should be a significant wave of pullbacks later. The first support level for the pullback is around 117,500 points. If this level is broken, it will continue to drop to around 116,000.
The overall thought for the evening is still focused on short positions at a high.
Evening Operation Suggestions
Short Bitcoin between 118,600 and 119,100, aiming for 116,000. After breaking through, continue down to 113,000.
