Hourly-level stop-loss signals appeared in the early morning, and new ones emerged after being broken. This indicates that, in the short term for this week, the following behaviors are still dominant.

In the case of unclear direction, it is not recommended to blindly engage in trading.

It is estimated that we need to wait for a key support test, or for Powell's speech this week to conclude, and for buying pressure to form a daily long needle, before it is likely to end the short-term downtrend.

For short-term rebounds, pay attention to resistance at 113800 and 114700. If 113800 cannot be broken, it indicates that the rebound is relatively weak, and the hourly-level stop-loss signal may be broken again. $BTC