BTC evening market.
Currently, BTC is showing a bearish trend overall. From a technical indicators perspective, the MA moving average system has already revealed a bearish tendency, which is a fairly obvious bearish signal.
Additionally, although the evening star pattern has not yet been definitively confirmed, everyone should be vigilant. Once this pattern is established, it often indicates a reversal in price trend from upward to downward.
Looking at the subsequent trend, over the next three days we should focus on whether BTC will test the 112000 area. This position is very critical, and if it is indeed touched, the market may undergo new changes.
For evening operations, observe the strength of the rebound. If the rebound appears weak, we can attempt to short with a light position. Around 115700 or choose the timing to short.
The first target is to look for around 114000, and if successful, we will then look towards around 113600.
However, one point to pay special attention to is that if the price breaks through 116500, then our previous operational strategy must be adjusted in a timely manner, indicating that the market trend has changed, and we must adapt to the market. In short, everyone must be cautious in their operations and ensure good risk control. #BTC☀