In the evening, affected by news, the big pie has continued to weaken. If the big pie cannot recover above the 1200-1205 range by midnight, my personal view is that the market will continue to adjust. A bearish engulfing pattern has appeared on the daily chart, and the candlestick performance is strong. The KDJ indicator in the auxiliary chart has shown a death cross signal! This is quite bad. The 4-hour chart has already broken through the neckline, and if the subsequent rebound is not strong enough, the daily bearish trend will swallow the entire upward trend! Regardless of whether this sounds alarmist, everyone should prepare for risk control!

Currently, there are signs of a stop in the small time frames, but the rebound is not large! If it continues to oscillate, I think it is more beneficial than harmful for the bears, as there has been no rebound after a sharp drop of several thousand points. At this moment, oscillation means waiting for the daily candlestick to complete the engulfing structure before further declines. #比特币

If the 115 low breaks, look for 112-110-107.