The hourly-level stop-loss signal that appeared in the early stage of Bitcoin has been broken again, followed by a new short-term stop-loss signal.

When stop-loss signals appear consecutively and are broken multiple times, it indicates that the short-term trend for this week is still predominantly downward, and the macro sentiment is also not very optimistic.

At this point, it is advised not to blindly go long; it is still necessary to wait for a key support test, and on the macro front, important events need to materialize first.

Currently, the hourly-level stop-loss signal is still not clear enough. Personally, I believe we should wait for a long candlestick on the daily chart before making a judgment.

The continuous appearance of 'false' stop-loss signals at the hourly level indicates that market sentiment is not yet completely clear and distinct; the short-term sentiment in buying and selling is not strong enough.

We should wait for this week's speech by Powell to be completed, which will clear all 'negative' sentiments from this week, and then activate a large amount of buying, forming a longer 'candlestick' trend at the daily level, which would likely indicate the end of this week's short-term downward trend.

For the short-term rebound, we are looking at the breakthrough of two consecutive resistance levels at 113,800 and 114,700. If the first resistance cannot be broken, it indicates a weak rebound, and the hourly-level stop-loss signal is likely to be broken again!