As the weekend approaches, market fluctuations narrow, with Bitcoin oscillating only in the 800-point range at midnight. Previously emphasized the need to watch for a breakout of the previous low at 112000 points; after a brief fall below it at midnight, it quickly recovered, which is in line with expectations. Therefore, the midnight strategy target is relatively conservative. Currently, there are not many opportunities for significant profits in the market, but small gains can still be grasped.

The signals on the chart are clear: high and low points have synchronized downward to form a descending staircase pattern. Yesterday's daily line closed in the red, retracing all previous gains, with moving averages in a bearish arrangement, and previous support levels turning into strong resistance zones. During the pullback, several small bullish candles effectively released bullish momentum, making the retracement more coherent and healthy.

Looking at the four-hour level, the five consecutive bearish candles have ended, and two small bullish candles have formed a shrinking volume upward pattern, with limited continuation. It must be clarified that the current situation is merely a correction, not a trend reversal, and one should not blindly chase long positions; this is even more evident on the hourly chart — the wave structure continues to break lower, and the rebound strength is gradually weakening.

When the trend is clear, one should operate in the direction of the trend; continue to look for opportunities to short at high levels in the early session.

Bitcoin trading advice: Short in the range of 113200 to 113500, with a target of 111200.