Currently, Bitcoin's rebound has not continued to move upwards, but instead has shown a more obvious downward signal, and the overall market has begun to enter a correction. Although the major coin is still temporarily holding at a key position, the support is clearly lagging behind, and in the short term, the bears have been pressing down, with the downward pressure dominating in the tug-of-war between bulls and bears.
From the 4-hour chart, the price has been fluctuating back and forth between the middle and lower bands of the Bollinger Bands, and the height of each rebound has been lower than before, further confirming that the downward trend is continuing. Currently, following the bears is considered a trend-following strategy; it is suggested to continue paying attention to the rhythm of the bears' strength and flexibly arrange trading strategies.
Trading Suggestions
Short around 113200-113700 for the major coin, with a target of 111700-112000
