8.13 Early Morning Bearish Outlook

Last night, the large Bitcoin short position regrettably hit a stop loss after a spike to 4508, while Bitcoin struggled to break through the 120000 level with clear resistance above. Currently, the market's bullish momentum has somewhat weakened.

Bitcoin can be shorted near the 120000-119500 range, targeting around 118500.

The large Bitcoin can be shorted near the 4600-4500 range, targeting around 4350. #btc