Thursday: First a decline followed by a rise, then fluctuating. The day session will see a tug-of-war at key points.

After the declines in the previous two days, yesterday's market unexpectedly showed a certain degree of corrective rise, consistent with our expectations. The rhythm has entered a phase of fluctuating recovery. Today, it is not advisable to pursue a one-sided trend; instead, focus on high selling and low buying around the box, with further arrangements if the level is broken.

From a technical perspective, on the four-hour chart, after the price weakly declined, it formed a slow corrective rise. Currently, it is under pressure in the middle track area. Although the momentum has turned bullish, there has not been a significant push to rise; only a certain degree of stop-loss effect is present, indicating a need for small-cycle adjustments.

On the one-hour chart, the operating channel is forming an upward opening state. However, the volume release is hindered and is consolidating in a reduced volume pattern. The price is recovering but remains under pressure, with moving averages adjusting in a roundabout way, and the short-term trend is clearly narrowing.

Today's approach is to focus on the box's adjustment state, mainly intervening with high shorts:

In terms of operations, I personally suggest shorting at 114300-114800, looking at 113300-112800$BTC #杰克逊霍尔会议 #美联储7月会议纪要 #加密市场回调 .