Bottom fishing? Wait a bit longer, the timing is not right

At this moment, there should be quite a few friends trying to bottom fish. Be careful of the operators pulling the rug out from under you; never think that a low price is an opportunity for a rebound.

Currently, there is a sustained low-level fluctuation, which is a clear display of energy accumulation after a significant drop. Technically, the daily candlestick has broken the middle support line with a large bearish candle, the bearish volume is increasing, MACD has crossed downwards, and the 4-hour chart has seen a cliff-like plunge, full of bearish signals. If the market cannot stabilize above 116,000, the intraday downtrend will continue, with a focus on the 113,000 level below. $BTC