Looking back at the midday review, Bitcoin attempted multiple times to break through the 118,000 point level in the morning, but has not been able to establish a foothold, indicating heavy selling pressure above and slightly weakened bullish strength. Observing the trend from early morning, the support around 116,800 points is not solid and shows signs of being breached. Considering the current market situation, it is recommended that investors pay attention to bearish opportunities.
In terms of operations, it may be worth considering establishing short positions around the 118,000 point level, with initial targets at 117,300 points and 115,600 points. If the market trend meets expectations, the long-term target could drop to 113,200 points $BTC
